A 21st-Century Model T? Ford Kicks off Design Competition

Affordability is the key for the new take on what Henry Ford dubbed his "universal car." The post-millennial Model T must have a "base target price of
only $7,000." Read More: http://www.edmunds.com/insideline/do/News/articleId 6259
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of only $7,000."

They already have that, its the Tata Motors NANO.
http://www.tatamotors.com/our_world/press_releases.php?ID53&action=Pull
Ted
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