The release date for the three-door Up! – powered by either a 1.0-liter gasoline engine or 1.2-liter diesel – is tentatively set for the end of 2011, with the five-door hatchback slated for launch in late 2012. Sometime in early 2013, an MPV version of VW's minicar will enter the production mix. Shortly thereafter, the electric-only Up! will debut. Base Up! models are expected to start at around €10,000 ($14,180 U.S. at the current exchange rate) and compete with vehicles like the Fiat 500 and Scion iQ. There's still no word on the future of the Up! in America.
[Source: Auto Guide, VW Up Blogspot]