Rumors have been swirling over the past few months that Toyota was considering bringing its iQ mini-car to the States, and according to MotorTrend that's exactly what's going to happen at the LA Auto Show this November, where Toyota will unveil a U.S.-spec iQ wearing Scion badges.

The iQ – originally destined for sale in Japan and Europe – features a 3+1 seating arrangement and motivated by either a gasoline-powered 1.0-liter three-pot or a 1.4-liter diesel. However, MT speculates that the Yaris' 1.5-liter four, mated to a manual gearbox or CVT will be fitted for duty in the U.S.

Ideally, the Scion iQ would have to be priced at or below its direct competitor, the Smart ForTwo, so expect a sticker of under $15,000 if and when it goes on sale. The rationale behind offering the iQ as a Scion would finally give some credence to the brand's targeted urban demographic, which has been faltering in recent years. And with more usable passenger and cargo space than a ForTwo, the Scion iQ could be a hit for people downsizing their rides without sacrificing some of the practicality found in a more traditional runabout.

The highly anticipated, newly redesigned tC will be released, as well as an all new vehicle: The Scion IQ. As the smallest, most fuel efficient Scion, it's sure to turn heads. Stay tuned!