A group of auto makers will undertake a joint venture to create a low cost car.
This group includes Bajaj Auto Ltd, a major Indian automobile manufacturer, Renault, a French vehicle manufacturer, and its Nissan Motor Co affiliate.
The car codenamed ULC will be worth of $2500 and will be launched for sale in India in early 2011.
The know-how will be made in a 400,000 units initial capacity plant in Chakan near Pune on land provided by Bajaj.
Renault-Nissan will hold intellectual property rights for the car's technical design and mechanicals, but it’s still unclear what branding will be given to the car.
"As soon as we can see the concentration of American aircraft on airfields in Europe, we will simply destroy those airfields by launching our medium-range ballistic missiles at those targets"
The Russian Federal Space Agency, Roscosmos, found out the origin of the hole in the household compartment of the Soyuz MS-09 spacecraft