Jaguar will launch a two-seat convertible next year called F-Type, the company announced at the New York auto show.
Announcing the F-Type, Jaguar Global Brand Director Adrian Hallmark said the car represented the brand's desire to "produce a world-leader in a market segment that we have been absent from for too long."
The F-Type will join the XF sports sedan, XJ luxury sedan and XK coupe/convertible in Jaguar showrooms and will slot in below the two-seat XK range.
The car is based on the C-X16 concept that Jaguar introduced at the 2011 Frankfurt auto show.
Jaguar said on Wednesday that reaction to the C-X16 concept had been so positive that it accelerated development of the car. A production version will be shown later this year, mostly likely at the Paris auto show in September.
The United States, the world's biggest sports car market, will be a prime target for sales, the company said.
A range of gasoline engines will be offered, including a new powerplant family, Jaguar said. Like the larger XK, the F-Type will feature all-aluminum construction.
Jaguar said it has started final on-road testing of the car near its Castle Bromwich plant in the UK, where the car will be built.