Nissan wants to offer Datsun at $3,000

Nissan chief executive Carlos Ghosn wants to relaunch retro-brand Datsun with a price tag as low as $3,000 when it hits the road in 2014, a report said.

Thecompany will target drivers in developing nations -- India, Indonesia and Russia -- offering the barebones model at prices that put it well below current Nissan offerings, according to the Wall Street Journal.

The paper, citing interviews with Ghosn and other executives, said Nissan is aiming for six Datsun models at between $3,000 and $5,000, a price that only a handful of Indian- and Chinese-made cars could compete with.

To cut costs, the company will source parts almost entirely from the country in which the finished product is to be made and sold.

And the absence of rigorous safety standards that would be applied to models aimed at the US or European markets will also help keep the price down, the paper reported.

"If you go to the US, it's not going to end up being $3,000," Ghosn told the paper in an article published Monday.

The Brazilian-born Ghosn said a future Datsun would be "modern and fresh" and had to appeal to buyers in developing markets because it would make "them feel good and is in their budget". He said the new brand will be one of Nissan's primary "accelerators of growth", in the campaign to grab eight percent of the world market by 2016, up from six percent at present.

All of which means boosting sales in emerging economies, which the company expects will account for three-fifths of all sales five years from now, compared with 43 percent now.