Thursday, December 2, 2010

Holy smokes! Credit crunch is so bad, even the Tata Nano is unaffordable

From the BBC:
Sales of Tata Motors' Nano, the world's cheapest car, plunged by 85% in November compared with a year earlier, the Indian carmaker has said.
It blamed the slump on the difficulty potential customers had in accessing loans to buy the car.
However, analysts pointed out that a series of fires in the Nano, as well as price rises, had also affected sales.
Or do the cars automatically combust whenever Bernanke speaks?

[Screengrab photo from ET Now channel: The India Car]

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