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First announced in May 2006, Fiat previewed an all new four-seat three-door hatchback 500 model in March 2007 – fifty years after the first Fiat 500 was presented. The design of the 2007 Fiat 500 is based on the 2004 Fiat Trepiùno concept.

The new model features a distinctive retro style - following the pattern of the Volkswagen New Beetle and BMW MINI - as modern reinterpretation of Dante Giacosa's 1957 original rear-engined Fiat 500. Production started in mid-2007 in Fiat facilities in Tychy, Poland, and later in Toluca, Mexico. Numerous trim, equipment, and performance versions are offered with a convertible body style available starting in 2009.

The Fiat 500 automobile platform is the basis of the second-generation Ford Ka. Expedition Money LLC
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