The Peugeot 308 is sleek looking and it resembles a MiniCooper under the hood because it’s powered by the same engine. It is heading into production for the European/UK markets with a starting price tag of around £17,500.

French company Peugeot this week revealed it will put its 308 RC Z coupé into production. The Audi TT rival is based on the same platform as the 308 hatch, but has a wider track.

Looks like this beauty will be ready to hit sales floors around the summer of 2010.