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Following the debut of the Volkswagen up! concept earlier today, Toyota has revealed its own minicar rival with the unveiling of the new iQ. Toyota’s new concept is significantly smaller than the up!, measuring just 2,980mm in length, but still has room for four with occupants sitting in a unique 3+1 arrangement. Last month, officials revealed Toyota was planning to launch a new minicar in Europe in less than two years and would eventually release a low cost version for emerging markets. This latest concept is likely to resemble that final production vehicle.

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