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Toyota FT-Bh Video Teaser Previews Low Cost, Light Weight Hybrid Mini Car

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2013 Chevrolet Spark Video – First Look: 2011 LA Auto Show

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Toyota Pixis Space Launched as Brand's First Ever Mini-Car With 60-MPG

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Scion IQ Production Model to Debut at NY Auto Show

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Report: Suzuki Won't Compete With Tata Nano, Citing Quality and Safety Concerns

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Report: New Photos of Aston Martin Cygnet Give First Real Look at Luxury Mini-Car

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Report: Mitsubishi Considering Gas-Powered IMiEV for U.S. Market

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Tokyo Preview: Edgy Nissan Roox Makes Cube Look Like a Ball

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Frankfurt 2009: Volkswagen E-Up! Electric Concept Debut

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Report: VW Reportedly Still Interested in Small-Car Alliance With Suzuki

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Report: Scion IQ Mini Car to Arrive in U.S. in Late 2010

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Suzuki Denies Talks With Volkswagen

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Toyota to Launch IQ Mini Car in U.S. as Scion Model

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Aston Martin Introduces 'Cygnet' Commuter Car Concept Based on Toyota IQ Mini-Car

Aston Martin has just released details of an upcoming concept car the luxury British automaker is working on… and it’s not at all what you might expect. Rather than a high-powered exotic, this new machine, called the Cygnet, is a tiny commuter car.

The Cygnet is based on the Toyota iQ and while it sounds like an April Fool’s joke, the reality is that this mini-car has a lot of potential. For starters, Aston Martin is working on giving the Cygnet a unique Aston Martin look and a serious luxury interior. No doubt owners, particularly in large European urban centers, could use a vehicle like this and then take their $300,000 DBS out to the country on the weekend.

There is, however, an additional (and very strong)  reason the Cygnet may become a reality, and that is the increasingly restrictive fuel-economy regulations in both Europe and the United States. If Aston Martin builds a car like this with what will no doubt be a tiny fuel-efficient engine, it will offset the gas-sucking V8s and V12s that are used in the rest of the company’s lineup.

Currently the Toyota iQ is offered overseas with three engines, the most potent of which makes 99hp from a 1.33-liter gasoline engine.

“Now is the right time for Aston Martin to take this first bold step to embark on this special project – made possible with the support of an organization of Toyota’s stature and capability and the intelligent design and perfect city car package of the iQ,” said Aston Martin CEO, Dr Ulrich Bez. “Much work is still required, but I am confident that this project could become reality in the not too distant future. This concept – akin to an exclusive tender to a luxury yacht – will allow us to apply Aston Martin design language, craftsmanship and brand values to a completely new segment of the market.”

Dr. Bez even alluded to selling the Cygnet like an add-on package to compliment one of the company’s pricier models. “The offering of a ‘Cygnet’ with a DBS, DB9 or Vantage is a unique combination of opposites and a novel transport solution allowing intelligent and sensitive mobility on an exclusive and innovative level,” he said.

According to Automotive News, the Cygnet could be made available to current and prospective Aston Martin owners as early as next year with mass-market sales following the year after. The price of the Cygnet is expected to be around 23,000 Euros – or roughly $32,000.

[Source: Automotive News]

Official release after the jump:

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