The Austin-Healey Sprite is a small open sports car

Sports car

A sports car is a small, usually two seat, two door automobile designed for high speed driving and maneuverability....

 which was announced to the press in Monte Carlo by the British Motor Corporation

British Motor Corporation

The British Motor Corporation, or commonly known as BMC was a vehicle manufacturer from United Kingdom, formed by the merger of the Austin Motor Company and the Nuffield Organisation in 1952...

 (BMC) on 20 May 1958, just before that year's Monaco Grand Prix. It was intended to be a low-cost model that "a chap could keep in his bike shed", yet be the successor to the sporting versions of the pre-war Austin Seven

Austin 7

The Austin 7 was a car produced from 1922 through to 1939 in the United Kingdom by the Austin Motor Company. Nicknamed the "Baby Austin", it was one of the most popular cars ever produced for the British market, and sold well abroad...

. The Sprite was designed by the Donald Healey Motor Company

Donald Healey Motor Company

-History:It was formed in 1945 by Donald Healey, a renowned auto engineer and successful racing driver. It was formed after Healey discussed sports car design with Achille Sampietro, a chassis specialist for high performance cars and Ben Bowden, a body engineer, when all three worked at Humber...

, which received a royalty payment from the manufacturers BMC.