Nissan May Introduce Smaller, ‘Low-Priced’ Cars in the U.S.

Nov. 4 (Bloomberg) -- Nissan Motor Co., Japan’s third- largest carmaker, may introduce smaller, low-priced vehicles in the U.S. to meet growing demand for compact models.

“We need to roll out small, fuel-efficient and low-priced cars globally, and we are thinking about introducing that type of car in the U.S.,” company spokesman Sadayuki Hamaguchi said in a telephone interview today. Hamaguchi declined to comment on what model the company may sell or when it would be announced.

Nissan will start selling low-priced vehicles in the U.S. after 2010, the Nikkan Kogyo newspaper reported, without saying where it obtained the information. The vehicle may be produced in Mexico and priced “significantly” below $10,000, the report said.