Coming up its 40th anniversary, VW is getting ready to take the wraps off the seventh generation of its speedy hatchback. The 2014 Volkswagen GTI (€28,000; roughly $36,000) is the first GTI to arrive with two power options: a 220 hp 2.0L TSI engine standard, which is cranked up to 230hp with the optional performance pack. Even with the power improvements, the new hatch offers improved fuel economy of up to 39 mpg with the six-speed manual and 36.8 with the six-speed, dual-clutch DSG transmission. Other features include sports seats with the "Clark" tartan pattern, red ambient lighting, a GTI shifter knob and instrument cluster, stainless-steel pedals, Climatronic climate control, a touchscreen infotainment system, and heated front seats. Arriving in Germany in May; look for it stateside sometime after that.