If you though the $6,000 Renault Logan was a breakthrough in mass cheapification, Toyota's got a message: Hold on to your centavos. According to President Katsuaki Watanabe, the company is developing a ground-up process of car building that will result in ultra-low-cost vehicles, and potentially, drive down costs across the company's line. The process, Watanabe says, will be all-encompassing, from design to production, and could involve developing new materials. No word on the rumor of slave bots that work for pitted olives and occasional squirts of WD40. [Thanks to Chris for the tip.]

Toyota developing new ultra-low-cost production process - report [Euro2Day]

Building the $6000 Car: Renault's Logan [internal]