No, it's not up! Say hello to iQ, Toyota's new minicar concept. Autoblog has pictures of the car at the Frankfurt Auto Show. Toyota won't say if it's gas or electric but it is small. Well, "small yet spacious" is what Toyota is going for here. To save space, they have a removable seat, lots of controls are on the steering wheel, etc. Toyota plans to release a small car in 2009 and it may look just like the iQ.
[Source: Motor Authority]