Slated to compete with the Mini Cooper at a base price of $20,000 to $23,000, the Audi A1 will ride on the Golf V platform all the way to the 2009 Frankfurt Motor Show. In addition to design based on the Shooting Brake concept, the vehicle may come along in 2010 as a roadster or 2+2 convertible. The TDI and FSI have been pegged as the powerplants for the new vehicle (at least in Europe), with a TSI version to follow soon thereafter.
Unlike most Audis, the A1 likely won't be available in all-wheel drive Quattro due to budget constraints.
[Source: Auto Motor und Sport via GermanCarBlog]