BMW has unveiled a new Mini Copper that will be more fuel efficient and - hold your breath - slightly longer.

The car maker launched the new model on the 107th birth anniversary Alex Issigonis, the founder of the Mini, in Oxford.  

The company confirmed that the production of the new Mini Cooper will start soon and the car will go up for sale early next year. BMW also announced that the car will be based on a brand new BMW-engineered platform called UKL1.

At the Los Angeles Auto Show, BMW announced that the Mini will be 4.5-inch more lengthwise, which will offer extra room throughout the cabin. However, it will be interesting to see if the addition of length will have any effect on the swiftness of the car.

Apart from the length, the new Mini Cooper will have a three-cylinder engine, which will make it more fuel efficient. Its predecessor has four-cylinder engine. The automaker claims that the latest model will be 27 percent more fuel efficient when compared to its predecessor.

The 1.4-liter three-cylinder engine in the car will produce 134 horsepower and offers a standard six-speed manual transmission or optional six-speed automatic. The company claims that the car can get from 0 to 60 miles per hour in just 7.4 seconds.

If customers want more power they can also opt for the Mini Cooper S, which has a 2-liter four-cylinder engine which produces 189 horsepower.

The Mini Cooper is mainly aimed at the younger generation and the new model will include LED headlights in front, which may attract even more young drivers.

The Mini One, which is placed at the entry-level, will have a price tag of £13,500 and the Mini Cooper, which will have more equipment and a powerful engine as standard, will have a sticker price of around £15,000.

The diesel variant of the car, the Mini Cooper D, will be priced at £16,000, while the faster diesel variant the Mini Cooper S will cost buyers £18,500.