Volkswagen has released pictures and details of its new Up minicar that will take aim at rivals such as the Fiat Panda, Renault Twingo and Peugeot 107 in Europe's popular minicar segment.
The Up will be offered with a new fuel-efficient gasoline engine and safety technology that is a first for the segment, VW said in a statement released on Sunday.
The four-seat car will be unveiled Sept. 12 at the Frankfurt auto show and will go on sale in Europe in December.
The Up will cost about 9,500 euros ($13,600), said a person familiar with the product who declined to be identified because the price has not yet been officially announced.
The Up is strategically important for VW as Europe's biggest automaker aims to pass Toyota Motor Corp. and General Motors Co. to become the world's biggest automaker by 2018. The car will replace VW's slow-selling Fox in Europe and tap growing demand for small, fuel-efficient vehicles in Europe and in emerging markets.