I'll just leave this paraphrased version here to hopefully cover any people who see this before it falls off the 1st page of posts.
The "German Car" as some like to call it, officially the Volkswagen Scirocco (VWS) was originally planned for a release during the week ending 19 December 2008. During the last phases of private beta testing (the group of LFSers that you see in the credits) serious tyre physics flaws were discovered that were deemed too obvious and detrimental to allow the car to be released. It will ostensibly be released when the new tyre physics get released, whenever that may be.
The VWS has been stated to be S1-level content.