Our sources are telling us that BMW has quietly approved the much rumored MINI speedster that has been on the drawing boards since 2001. The exclusive sketch above (drawn in 2001 as a proposed concept) illustrates the path MINI will likely take with this car. The car will likely have a fabric top (with an optional removable hard top) with two roll bars behind the occupants giving the car a sleek sporty look.

The car will be based on the R56 but will have it’s own design look that will be decidedly more angular and aggressive than what we’ve seen so far from MINI’s production cars. Engines will include updated versions of the current 1.6L Petrol units currently found in the MINI range.

We’ll have more information on this new concept in the weeks ahead.