Volkswagen confirms super-budget car for 2015

[Auto News]

New sub-6,000 Volkswagen, designed for the Chinese market, has been confirmed for 2015. Volkswagen boss, Martin Winterkorn has stated that production of a new super-budget car will start in 2015.
During an interview in a German magazine, Winterkorn said: We are developing a budget car for the price range between €6000 and €7000. Some three million cars are sold in this segment each year in China alone.
The development of the new car, according to Winterkorn, wont be carried out entirely by Volkswagen. He told Der Speigel: We have to adopt new methods. The base development will be carried out in Germany. What will it look like, what engines will it get. It will then be further developed in China with our partner and produced from 2015.
Keeping the cost of the car so low is only possible by building and partly engineering the car in a low-cost country, with both parts and materials also being sourced locally. Its likely existing Volkswagen technology will be used in the new budget car, further helping keep costs down.
Volkswagens technical chief, Ulrich Hackenberg, has previously confirmed that the car will eventually come in different body styles. The car will be sold under a new brand name that is yet to be confirmed.
Currently Volkswagen is focusing on creating the first example of the super-budget car for China, where it would also be built. Hackenberg told Autocar the car wouldnt look cheap and it wasnt designed to simply fulfill the need for mobility.
It has to have good styling and the owner should be able to upgrade the specification over time. The owner wants to be proud of the car.
Production of the new car, which is unlikely to come to the UK, is expected to begin in 2015. Initially only available in China, it may also later be offered in India.