Remember the Yugo???

Well here we go again; the Yugo was advertised as the cheapest car on the market, as we all are aware of, it was a blip in car history. I do believe it was the butt of more jokes than actual sales in the US.

"Geely says it will be very competitively priced when it goes on sale — below the $10,000 level."

So now here comes China with the Geely, also advertising as a cheap car. Wonder what the outcome will be?