"I am truly delighted to confirm today the development of our new model which will open an exciting new chapter in the great story of Rolls-Royce Motor Cars," Rolls-Royce Motor Cars Chief Executive Torsten Müller-Otvos said in a statement.

The company is currently developing an exciting and thoroughly contemporary interpretation of a pinnacle drophead tourer which will introduce even more discerning men and women to Rolls-Royce ownership, he added.

Rolls-Royce Motor Cars Chairman Peter Schwarzenbauer said, "When it arrives in 2016, this elegant and sensuous new car will build on the success of our current models and will play a key part in fulfilling Rolls-Royce Motor Car's commitment to long-term sustainable growth."

The new car is currently undergoing a rigorous process of prototype testing as it enters its next stage of development, he added.