The all-new rear-engined Renault Twingo city car will reportedly be spun off as an ultra-affordable Dacia runabout.

Twingo 11

German magazine AutoBild reports the as-yet-unseen Dacia version of the Renault Twingo, which was revealed at this month's Geneva motor show, could cost as little as 5000 euro ($7680), yet still be offered with crucial safety items such as anti-lock brakes, electronic stability control and at least two airbags.

The Twingo features a rear-mounted engine and sends its power to the rear wheels. Engine options for the Renault version include two 0.9-litre turbocharged three-cylinder powerplants - one with 51kW and the other with 66kW. It's expected the Dacia version may offer the lower output version, though no official details have been revealed.

Renault's Dacia budget brand has proven extremely popular in crisis-hit Europe. In 2013, Dacia accounted for 41 per cent of all Renault Group sales with 289,000 vehicles sold, a 23.3 per cent increase on its 2012 figures.

Renault Australia has commented on numerous occasions that it has no plans to offer Dacia models in Australia. The Twingo, too, is unlikely to make it here.