The market for the 500 can expect a same skeletal frame but using a modified platform to build on. The redesigned chassis will be shedding of some pounds off from the car and also contribute in improving the cars dynamics. The US 500 will be assembled in their Mexico plants.

The new 500 will be using some technologies used for the development of the new Fiat 500C. The designers are also working on decreasing the cars noise, harshness, and vibration.

The European release of the 500 will not be getting the changes as its US sibling but Fiat will be using the platform for the new Ypsilon under the Lancia brand year and for the new Panda by 2011.

Fiat is also going for a major upgrade of the B-platform utilized for cars like the Alfa Mito and the Fiat Punto.

Another great news is the high-performance Giulietta which might be badged as the Cloverleaf or GTA. This release was previewed during the Geneva Motor Show sporting a turbocharged multiair engine that is capable of giving out 235 bhp. The top of the range Giullietta will use electronic Q2 differential, active dumpers, and a dual clutch transmission. This is scheduled to be out this April.

It is very unlikely that we’ll see a Mito GTA because the development was of the car was put into a halt last year when the company had to revise its priorities because of the global recession.