Volkswagen is banking on two things: that the economy will rebound soon, and that the demand for small cars will rise when gas prices go up. VW says that the small car market is the fastest growing market in the United States, and they are going to capitalize on that.

The VW Polo will be modified slightly to make it more luxurious and have a larger feature set. The Polo has been on sale in Europe and other parts of the world for decades.

The exact release date for the VW Polo is yet unknown.