BMW unveils new Mini

Car maker BMW has unveiled the newest version of its popular Mini - a quieter, longer and taller version of the iconic vehicle.

Prime Minister David Cameron has called the Mini a "classic British icon," and BMW is pumping 750 million pounds ($1.2 million) into the car's production in the U.K.

BMW -0 which has been manufacturing the Mini since 2001 -0 unveiled the new model on Monday in England, saying it is more spacious and safer, and offers drivers a "more dynamic and performance-oriented" experience.

The new car will go into production this week and be on sale in the U.K. in spring 2014 starting at around $24,000. It will be offered in three versions: Basic, diesel engine, and the Mini Cooper S.