FRANKFURT -- Mini says it will not build the Rocketman due to the lack of an available platform and forecast low profits from the model.
Mini debuted the Rocketman concept at last year's Geneva auto show as a potential competitor to Daimler's Smart ForTwo two-seat microcar.
''It would need to be based on a different platform which is currently not within our reach,'' a Mini spokesman told Automotive News Europe on Wednesday, adding that a low profit margin was also a factor in the decision not to build a production version of the concept.
The spokesman's comment confirmed a report in the UK's Car magazine on Tuesday that the Rocketman will not be built.
The Rocketman at 3419mm (132 inches) long, is 304mm (12 inches) shorter than the current Mini and was seen as a return to the smaller dimensions of the original Mini first launched in 1959.
BMW currently produces six models at its plant in Oxford, England, while the brand's new Countryman is built in Graz, Austria, by contract manufacturer Magna Steyr.