Aston Martin’s Cygnet luxury city car will into production next year at the company’s Gaydon headquarters in Warwickshire. Aston Martin Cygnet 2011

Pricing for the new model hasn’t been revealed but the cost, along with detailed specification is expected to be announced before the end of the year.

Aston Martin CEO Dr Ulrich Bez said: "Whatever we do, we do right. If we do performance, we do performance; we don’t downsize or compromise our sports cars. The Cygnet needs to satisfy the demands of emissions and space.

"Our customers need a small car for urban and city use, and they want the right tools for the right job, to downsize creatively without compromising intelligence, artistry and personality."