The BMW FAST, as it has been named internally, is based on the new UKL1 platform and is expected to come in front-wheel drive and four-wheel drive form. This is the car that will eventually take over the BMW 1 Series, bumping the current 1 Series layout as we know it up to a 2 Series name.
By the looks of these spy shots, the BMW FAST will be relatively large in terms of a C-segment hatch, however, the platform will be used on the upcoming range of MINI models, giving us a bit of an idea of the FAST's proportions.
Under the bonnet, a variety of 1.5-litre three-cylinder petrol and diesel engine options are expected, ranging from an extremely fuel efficient unit producing around 56kW, up to a more powerful petrol producing around 116kW.
The new model is set to rival the likes of the Mercedes-Benz A-Class/B-Class as well as the Audi A3, showcasing a mini MPV profile.
The new BMW FAST will hit the showrooms sometime in 2013.