Toyota is planning a low-cost sedan for emerging markets, with a view to doing the same as Renault has with its Dacia Logan.
The Japanese carmaker may also create a new low-cost brand to pick up in market segments where it doesn't currently compete.
The brand and its projected two models --- the other is a monospace 'box' style -- would not be sold in western Europe.
A board member said that separate sales channels will be set up for the new brand and its products, which wouldn't be able to offer the same level of quality and refinement as mainstream Toyotas.
The sedan model would be based on a Fiat design, the Albea, which is being developed by Turkish manufacturer Tofas.
The second model would be a van-type MPV, similar in size to the Renault Kangoo and Peugeot Partner.
Brian Byrne.
