Aston Martin Cygnet in Production in 2010

The Aston Martin Cygnet might evolve from the project stage to a production model as soon as 2010. The car, which is based on Toyota's iQ, will be assembled at Aston Martin's Gaydon, England plant. Using vehicles supplied by Toyota, Aston martin will upgrade both the interior and the exterior and will sell the Cygnet through its own dealership network.

According to Autonews, pricing for the Cygnet is expected to go around $32,000, which means it is twice more expensive than the car it is based on.

Curiously, it was initially believed that the Cygnet will be offered to every Aston Martin buyer as a gift. Rumors hinted that one of these models will be distributed to every DBS, DB9 or Vantage client, mostly as a way to say "thank you for buying such an expensive car".

“Now is the right time for Aston Martin to take this first bold step to embark on this special project – made possible with the support of an organisation of Toyota’s stature and capability and the intelligent design and perfect city car package of the iQ,” Ulrich Bez, Aston Martin CEO said.

''Much work is still required, but I am confident that this project could become reality in the not too distant future. This concept - akin to an exclusive tender to a luxury yacht - will allow us to apply Aston Martin design language, craftsmanship and brand values to a completely new segment of the market.”

Aston Martin hasn't confirmed the reports so far but we're still waiting for an official confirmation alongside technical details of the car.