Toyota chief plans on sub six thousand USD car

Focusing on low-cost technology, Toyota’s chief has announced that they will change their methodology on low-cost design and materials to produce a car that costs less than Renault’s Logan. The Logan currently costs 5000 EU which is equivalent to approximately 6200 USD.
Our question would be: is this like a Festiva or the Rabbit? Cheap cars are great, but small cars seem scarily unsafe and not too cool at that. If they design something similar to the Scion xA which is in the Toyota family, or even the Mini Cooper, then sign us up a couple. There’s nothing like a cheap vehicle made by a corporation who has a reputation of reliability.
Via BreitBart