Details on the project are foggy at best, but the car would rival other European A-segment cars like those from MINI. In 2008, the brand debuted its Kiyora concept (seen above), which was aimed at the same market.
While that car didn’t make it through, demand for city cars only grew
over the last four years making the prospect that much more appealing.
Mazda research and development vice president Ichiro Hirose told AutoCar that
the vehicle could be launched in the next two to three years. While
that isn’t much to go on, one thing is for sure: it won’t look like the
car pictured here. Instead, it is likely to be styled closely to the new
Mazda6.
Source : http://www.autoguide.com/auto-news/2012/11/mazda-may-be-mulling-premium-mini-car.html