The French firm's new model will likely be named 301, as Peugeot would like to skip the 309 moniker that was used on its 1980s compact hatch.
Like the smaller 208, Peugeot's Golf rival is expected to be both more compact in length and lighter than the model it replaces with obvious benefits in fuel efficiency and CO2 emissions.
The engine lineup will be shared with it's Citroen brethren and will include a number of gasoline and diesel units, while Peugeot also has plans to offer a HYbrid4 diesel-electric hybrid version.
We'll know more about the new 301 and Peugeots future plans on the range in the coming months.
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