Last month, news emerged that production of the Aston Martin Cygnet has ceased, and now Aston Martin boss Ulrich Bez is telling us why the Toyota iQ-based curiosity was axed. Apparently, it’s because the little Toyota itself will be no more come next year.

“We stopped the Cygnet as Toyota itself will stop the iQ in 2014 and we don’t want to invest any more,” the 70-year-old German said. “We had a great start with Akio Toyoda, whom I still have a great relationship with. But Toyota didn’t follow up the support like it does with Tesla and its marketing of other products,” he added.

“I think Aston did a good thing with the Cygnet and I’m disappointed it didn’t work out. It’s a great little car, particularly in London. It will be a cult car in the future and will be well looked after.”

So is the the innovative sub-3m Toyota iQ, which is five years old now, heading for retirement with no successor in sight? In response to Bez’s remarks, Toyota says that there are no plans to end iQ production and declined to comment further. Want a collector’s item? Not sure if it’s still around, but a Cygnet was advertised on last year for RM350k.