According to a new report, a Renault 5 is apparently in the pipeline and will be positioned alongside the Clio.

According to a new report, a Renault 5 is apparently in the pipeline and will be positioned alongside the Clio.

Despite sharing the same supermini segment with the Clio, the reinterpreted Renault 5 will be very different and should be based on the unreleased Value Up concept. It will use "cost-effective" underpinnings and a quirky-looking body with short overhangs for a design which will be somewhat reminiscent of the original model but with a modern twist.

It will cost just about the same as the Clio and will ride on Renault's "A-entry" platform which will feature low-powered engines. The reduced manufacturing costs will allow the French marque spend more money on the high-tech interior cabin which is believed to adopt two seven-inch LCD screens. One of them will replace the instrument cluster and the other will be positioned to the left of the steering wheel.

Interestingly, the modern Renault 5 will also get two 15.9-inch LCD touchscreen displays sitting side by side in the dashboard's center and in front of the passenger. The system is compatible with Google's Android Auto and Apple's Car Play and there's also a tablet from which the user can control just about all the car's functions.

Tipping the scales at around 830 kg (1,830 lbs), the car will reportedly get a three-cylinder 1.0-liter engine which would have CO2 emissions of less than 100 g/km. There are also plans for a plug-in hybrid derivative that should return a whopping 134 mpg UK (111.5 mpg UK or 2.1 liters / 100 km), with CO2 emissions of 45 g/km.

The report goes on to specify a production version has not been green-lighted yet, but even if approved, the model is still a few years away.

Note: Renault Eolab concept pictured.