The new Skoda Rapid will cost from around 12,000, when it goes on sale in November, according to company insiders.
Skoda revealed a saloon version of the Rapid at the 2012 Beijing motor show, but it will be a more practical hatchback that goes on sale in the UK. Skoda sources have suggested that a 'sportback' lifestyle estate version that puts sleek looks ahead of outright load capacity could arrive in 2013.
The first pictures of the production-ready Rapid are expected next month, with prices and engine details due in July. It'll be officially unveiled at the Paris motor show in September.
The Rapid is a similar size to the current Octavia, which is due for replacement in the second half of 2013. The all-new Octavia will be bigger, sleeker and more expensive than the current model, to accommodate the Rapid in Skoda's range.
A version of the new Octavia is expected to be shown at the Geneva motor show next March.