Yes, it's a German version of the 1964 Ronnie And The Daytonas song "Little GTO," and while the '84 GTI had a throttle body instead of three deuces and an extra gear on the transmission, it was just like the GTO! This ad came out around the time that the Reagan Administration said it was cool to show total hoonage in car ads again (after a moratorium on car-ad jumps and burnouts that lasted through most of the Malaise Era). These things sold like crazy in California, but by now most of them have disappeared.