In Delhi India this morning, the People's Car was unveiled. Pictured here is the luxury edition. According to the BBC, it costs about $2500 for the standard edition.
The Tata Motors website notes that the 2-cylinder engine gets good mileage and passes the standard crash tests.
Imagine paying only $2500 for a new car. A person could buy and sell 10 of them over a period of years and not pay more than $25K for the set.
GM, are you paying attention?