Tata’s Nano is set to hit the streets of India in July as the world’s cheapest car. It retails for just over 100,000 rupees (or roughly $2,000). This vehicle does not come with airbags or antilock brakes, neither of which are required in India. Air-conditioning, radio, and power steering are all pricey extra features. The Nano is mainly targeted to make car ownership available to the world’s poor! Sounds great, but I wonder how long it'll take Apple to file a lawsuit over the name?

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