An all-new Volkswagen Polo GTI, with a 0-60mph time under seven seconds, is expected to debut in Frankfurt later this year. With a top speed of 140mph, and £5,000 cheaper than the Golf GTI, this car will be hot.

Word on the street is that Volkswagen is preparing an all-new Volkswagen Polo GTI for 2010. Anticipating a Frankfurt Motor Show launch in September, the new Polo looks to raise the bar for superminis.

Coming with the same 1.4 liter super- and turbo-charged four-cylinger TSI as the Ibiza Cupra, this will likely be the fastest Polo ever. 178 bhp (130 kW) and 184 ft-lbs (249 Nm) of torque means this hatchback could have a 0-60mph in under seven seconds. The top speed will be around 140mph (225 km/h).

This fast little car will likely be a bit of a fuel-sipper, as the engine is relatively small. Some numbers being bounced around are 40mpg (7 l/100km), and 150 grams of CO2 per kilometer. The Polo GTI would likely fit into emissions Band C, so UK buyers would not have to pay a fortune in yearly vehicle tax.

A six-speed manual will come standard, with a seven speed automatic dual-clutch also available.

Exterior styling will have many commonalities with the Golf GTI, such as a black honeycomb grille wrapped in a red line that blends seemlessly into the front bumper. Alloy wheels, an aerodynamic body kit, and an overall aggressive look is likely. We would not be surprised to see red brake calipers, dual exhaust, and signal mirrors.

The interior will be significantly improved, with softer plastics and better detailing. Expect a nice set of sport seats, aluminum pedals, iPod adapter, and premium stereo as interior options.

The Volkswagen Polo GTI will be introduced as the top-of-the-line model for the next generation VW Polo. It should be roughly the same size as the current Polo, but with a bit more space inside. Platform sharing with the SEAT Ibiza, engineers will add a tighter suspension, and stability control.

Look for pricing to be in the neighborhood of £15,500. If that is accurate, it will be about £5,000 cheaper than the Mk 6 Golf GTI. There is no doubt the Volkswagen Polo GTI will be one of the top sellers of the 2010 model year.