Toyota is already taking orders for its new iQ minicar with deliveries to begin as early as January 2009. At launch, the iQ will be offered with a 1.0L VVT-i petrol engine that produces 67-hp and a peak torque of 67 lb-ft. Mated to either a 5-speed manual or Toyota’s new Multidrive CVT system, the iQ is capable of returning a fuel-economy of 55 mpg.

Toyota has already confirmed that a new 1.33L Dual VVT-i petrol engine with stop/start technology will also joining the iQ lineup in 2009. A 1.4L diesel unit will also be offered in select European markets, reducing fuel-consumption.

We’ve previously heard that Toyota is also working on a plug-in hybrid version of the iQ. The model is expected to 15 miles on electric-power alone.

Click through for high-res images of the Toyota iQ from the 2008 Paris Motor Show.

Live from Paris 2008: Toyota iQ:

Toyota iQ: