VIENNA – Skoda Auto a.s. is planning to launch a new low-cost car in 2011 or 2012 to succeed the first-generation Octavia, currently sold under the model name Octavia Tour, "Inside the company, we refer to the vehicle as the ‘A-entry,’" Skoda Chairman Reinhard Jung says. "It is a car that will resemble the first-generation Octavia to a certain extent, but in view of the trend towards budget cars, we want it to be definitely lower in price.” The car is expected to range €10,000-€12,000 ...

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