Production of the minicar will move from Flins, France, to Novo Mesto, Slovenia, to take advantage of the new EU member state's lower labor costs. Slovenia joined the EU in May.
The new Twingo will be built on the platform used for the current Clio instead of sharing the new B platform used for the Renault Modus, the next-generation Clio and the Micra, made Nissan, Renault's Japanese alliance partner.
The next Twingo will be longer, 3.57 meters vs. 3.43 for the current version, and offer five engine options instead of two.
The 1.2-liter gasoline model will have 58hp, 75hp and 100hp versions. The 1.6-liter gasoline motor will offer 113hp and the 1.5-liter diesel will provide 68hp.
Renault has sold more than 2.2 million units of the minicar worldwide since it was first launched in 1993.