The car maker also revealed it had recorded a profit for the first time since 2008. The company achieved an after-tax profit of 6 million euros, which significantly contrasts the 66 million euro loss it recorded in 2014.
It now wants to continue this trend with the introduction of four new models over the next two years - the Ateca being the first, and today's announcement adding the second.
We know the new car will be based on the next-gen Ibiza, which should also arrive next year, and it looks likely that it'll be offered in two-wheel-drive guise only.
We're a long way off from seeing it - insiders aren't expecting it to be shown until next year and sales won't start before mid-2017. However, thanks to the fact the car shares its MQB underpinnings with models like the new Audi Q2, we've a fairly decent idea of what it could look like as our image above illustrates.
Today's news backs up claims made by chief executive Jürgen Stackmann close to 18 months ago. At the 2014 Paris motor show, Stackmann confirmed the embryonic existence of the supermini-sized crossover, lightheartedly describing it as having the personality of Prince Harry, while comparing the mid-sized crossover as having the mature and predictable personality of Prince William.
"The 'William' SUV would follow the lines you might expect from us, while the 'Harry' car could push the boundaries a little bit more, and take a different approach," said Stackmann.