For the first time ever, Toyota has agreed to build and supply a car to an outside car maker. Toyota will be making the car for Aston Martin. Called the Cygnet, the car will be ultra small and though based on the IQ model will be substantially different.

More details about the car like launch date, price and number of cars will be decided soon, and the car will be sold in Europe. Aston Martin is known for its premium sports cars which have been made famous thanks to the James Bond movies.

In Japan, Toyota will be making a a sporty, limited edition iQ customized under Gazoo Racing, of which President Akio Toyoda, who took over as president last week is a member. He wants to make cars which are more fun to drive.