Could this be Seat's version of the Volkswagen Up!? Skoda recently showed off its take on the Up! runabout, the Citigo, and it's plausible that VW wants to make the biggest statement possible with the little car. The diminutive hatchback could also be employed to help reverse Seat's fortunes – remember, in May of 2010, the Spanish brand was put on notice about its financial performance. An innovative and inexpensive city car could help round out the planned portfolio expansion.
At the Frankfurt Motor Show, our sister UK site reported that Seat was working on a sporty version of the Up! that would be "good to drive." However, there wasn't any additional information at the source site, so we aren't sure how much of the image above is an actual photo and how much is rendering. We expect it would still come, as the rest, with either the 59- or 74-horsepower, 1.0-liter three-clinder engines.