Story in Reason Online about the Tata Nano, the cheapest car the world, or actually as the article seeks to prove, the cheapest car of all time (once you adjust for inflation).
The Nano, produced by Indian company Tata, “is about 10 feet long, 5 feet wide. The 2-cylinder petrol engine delivers 33 horsepower and a top speed of just over 60 mph. The $2500 basic model has no radio, air-conditioning or air bags, but it does have seat belts, a catalytic converter to reduce air pollution and gets 50 miles to the gallon.”
For the interested, adjusted for inflation a Model T would cost about $18,000 today. Conversely, a Tata Nano would cost only $115 in 1909 dollars!!!