There’s not much to go on, but we’ll know more soon enough.
At last year's Geneva show, the Italian design house unveiled a couple of hatchback concepts wearing the VW badge. This alerted the world that the firm was not only now under the stewardship of the German automaker but also previewed a new design direction. At this year's event, a new concept is planned and this ambiguous teaser shot has been released to kick start interest. It's impossible to tell which part of the vehicle the shot is of, so we'll wait for more picture before doing so.
These are bound to come pretty soon along with other Italian design houses that are planning to unveil concepts at Geneva, such as Bertone and Pininfarina.