According to Alain Visser, Opel's head of sales and marketing, Opel needs a minicar to compete. However, developing a new minicar is a huge expense, and even though Opel
has set aside €250 million for this car, the company would like a partner. It's not unusual: Ford and Fiat share the Fiat Panda/Fiat 500/Ford Ka platform; Toyota and PSA share the Toyota Aygo/Citroën C1/Peugeot 107 structure. Opel has already a similar model, the Agila (shown above), which is jointly
made with the Suzuki Splash
but it's a little big for the minicar segment. As for possible powertrain hints, Magna/Opel has confirmed that it would have an electric powertrain available as soon as in 2012.
[Source: Automotive news