It has been approved that MINI will bring out a self-design brand-new production called Speedster. The generic moniker are at the risk of being replaced by a more original badge, but we could see from its name: a raked windshield, just two seats, a removable (not convertible ) roof panel, and performance-oriented handling.

Over the years, there have been two main types of “speedsters” in the automotive universe. The first has no windshield at all, while the second has a very low windscreen and no roof. It appears MINI is opting for the latter configuration, considering the market for cars with windshields is probably several orders of magnitude larger than the market for cars that require a helmet with a visor.

Rumours have been circulating for a number of years about the Speedster, which will rival the next-generation Mazda MX-5, as well as Honda’s upcoming CRZ. But it appears bosses at MINI’s parent company BMW have finally plucked up the courage to make the firm’s first genuine sports car a reality. And our exclusive images show how the flagship will look.

Unlike the Crossman, which borrows its underpinnings from the forthcoming BMW X1, the Speedster will use the same platform as the MINI Convertible. This allows maximum flexibility for component sharing with the current range, and will help to minimise development costs.

But to give the Speedster its own unique identity and sports car looks, the standard Convertible’s impractical rear seats have been ditched. By making it a strict two-seater, engineers have created more boot space, too.

Distinctive roll hoops, a lower and wider stance and oversized wheelarches make up the car’s classic roadster proportions. But the split front grille, familiar bonnet scoop and chrome-rimmed tail-lights, as well as the twin central exhausts, ensure it’s unmistakably a MINI.

An electric folding soft-top – similar to that on the standard Convertible – stows away in the boot when the driver wants to be exposed to the elements.

The fabric hood isn’t as complex as a folding hard-top design, and doesn’t weigh as much, either. Plus, it gives designers more scope to create a sportier silhouette to match the steeply raked windscreen.

A removable hard-top that fits snugly over the canvas hood will also be offered.

Not only will it provide better protection from the elements and reduce wind noise on long journeys, but by arcing smoothly from the top of the windscreen to the vehicle’s rear – behind the roll hoop extensions – it will create a coupé-like profile. So, buyers effectively get two cars in one.

The MINI’s unique styling will be developed in-house, but Auto Express believes there is a chance that the finished bodyshell will be built by a third party.

The shells will be cut down, modified and stiffened before they are then returned to MINI to have their running gear fitted.

A premium of £2,000 over the Convertible is likely, so prices should start at around £18,000 for the Cooper S version when it goes on sale here in 2011. There will also be a John Cooper Works model.

Meeting the satisfaction of many Europeans, the Speedster seems to succeed in expanding its market in Europe.