In an attempt to downsize the fun in their lineup, the automaker from Hiroshima is preparing a smaller version of their popular MX-5, the MX-2, a model set to be unveiled in 2012. Anyone who has ever found himself or herself behind the wheel of Mazda’s current lightweight rear wheel drive drop top will tell you that this reinvention of the classic English roadster is the best new car on the market, for the money. So a smaller MX-5 should also be lighter and less expensive.

The MX-2’s front end has swooping lines that that were strongly inspired by the Mazda Furai concept with some Ferrari California inspired headlamps, while the rest of the body reminds us of the newly redesigned BMW Z4 roadster. The smaller Miata will compete with upcoming models like the Mini Speedster and possible Nissan Urge.

You would think that while Mazda’s engineers were scaling down the roadster that they might have skimped on the output, but not from the Zoom-Zoom family. In an attempt at downsizing and turbo charging the top of the line model will have a 1.6 Liter four, boosted to make 160 HP. With a power package like that, Mazda’s MX-2 could become even more of a hit than the Miata. If enough of these turbocharged sports cars actually move off of dealer’s lots, it could inspire the Japanese automaker to resurrect another great sports car, the RX-7.

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