Toyota Motor Corp., Japanese carmaker, revealed it would build an ultra-small luxury car based on the iQ model, for Aston Martin.

Cygnet, the Aston Martin version, which will be built in Japan and sold in Europe, is said to be the smallest four-seater car with 9 feet and 10 inches in length.
 
Chief Executive of Aston Martin, Ulrich Bez said, "Much work is still required, but I am confident that this project could become reality in the not-too-distant future." 

However, according to Toyota’s spokesman vehicle’s launch date, price and production volumes are yet to be decided.
 
In the meantime, General Motors astonished Toyota by announcing that it was pulling his hand out of joint venture, New United Motor Manufacturing, in California.
 
Toyota said that the GM’s recent decision would the business environment even more severe for the company.

Aston Martin, the British carmaker is best known for its sports cars used by James Bond in films.