The Bristol Project Pinnacle, a car designed to celebrate the firm's 70th anniversary, will be powered by a BMW powerplant, the manufacturer has announced.
Sources confirmed to Autocar that the car is set for an autumn launch date this year and will cost less than £1 million.
The car, which will be the first new Bristol since 2004, is described by the manufacturer as being "a modern take on the best of British luxury craftsmanship" and is "engineered to excite".
Bristol says the new model will help to re-establish the brand, with millions having been spent on the project since Bristol was bought in 2011. The new car will be made in limited numbers and is described as a "connoisseur's choice".
The company's boss, Julian Ramshaw, said: "Investments in our new products and facilities spearhead our modern philosophy for the Bristol marque.