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click above for high-res gallery of the Volkswagen up! Space concept

If you liked Volkswagen's Up! concept shown at Frankfurt earlier this week, we have some good news for you.

UPDATE: Press release added after the jump.

Volkswagen returns to its rear-engined roots with the up! concept, unveiled Monday before the Frankfurt Auto Show. VW CEO Martin Winterkorn gave a strong indication the four-seat car could see production one day as a part of the company's New Small Family lineup.