Said to be priced from 10,000 euros (around $13,540 after a straight conversion), the Up will be available as a two-door four-seater at first and then later a five-door model will be introduced. It'll be powered by a range of three-cylinder engines, both in petrol and diesel form.
Volkswagen development chief, Ulrich Hackenberg, was quoted as saying about the engine development,
"Improvements can now only be made in performance and economy, not in making the engines any smaller. Instead, the Up will make use of three-cylinder engines that will really advance the technology and make strong use of it."
Reports also say that at around the time the five-door model makes its debut, an electric powetrain will also be on the options list, set for around 2013. The initial two-door versions will go on sale during the second half of 2011. Ulrich Hackenberg confirmed a production version was very close.
"The final prototype phase is currently taking place for the Up. So we will be able to start building near-production cars soon."