Fiat announced the release of cabrio version of its 500 model that goes by the name “500C by Gucci“. Gucci Studio customized the special edition version of the 500C in collaboration with the Fiat. The chief difference between the two models is that Giannini removed the green-red-green Gucci web pattern from the 500C’s profile and placed it on the car’s electrically operated black top.

The Fiat 500C by Gucci will be available in either white with matte chrome-plated elements or glossy black with shiny chrome-plated accents.

Fiat 500 by Gucci equipped with a 16-inch spoked alloy wheels with a double “G” logo on the hubcaps and Gucci signature in italics displayed on the tailgate and on the door pillar.

The topless model will be available for order soon and month later will be available in some Italian Fiat dealerships. In Italy, the 500C by Gucci will have a price tag of €20,000 (approx. $28,900).

FIAT has announced the new 500 TwinAir version, available for both the three-door and convertible models. The 500 TwinAir lineup comes with bespoke styling elements and upgraded equipment features. All versions are equipped with the 0.9-liter TwinAir turbocharged engine that produces 85 horsepower and 145 Nm of torque. The 500 TwinAir accelerates from 0 to 100 km/h (62 mph) in 11 seconds and can reach a top speed of 173 km/h (108 mph).

The TwinAir line offers new exterior styling upgrades including door handles, license plate holder and grille with a satin chrome finish, black alloy wheels and a sports kit consisting of a black tailgate spoiler and chromed exhaust tip. A piano black roof is also available as an option for the hatchback.

Inside, the 500 TwinAir sports an all-black atmosphere highlighted by the satin chrome finish of the dashboard fascia. In addition, the sport seats are covered in a mix of perforated leather and fabric.

The TwinAir Plus adds larger 16-inch wheels, manual air conditioning, leather covered steering wheel with radio controls, Blue&Me infotainment system, fog lights, ESP with ASR/MSR, brake assist and hill holder systems.

The Fiat 500 TwinAir has a starting price of $19,200 in Italy.

Fiat announced a new 500C, where ‘C’ stands for Cabrio. The 500C isn’t really a full-fledged convertible model as the Italian company opted to revive the rollback canvas roof from the original Cinquecento.

The dual-layer cloth top runs along the length of the diminutive hatchback and folds back to where the rear window would be on the tin-top version. The soft top is electrically-operated through a push button, and can retract up to the rear spoiler during speeds of up to 60 mph (96 km/h).

The new 500c offers buyers a choice of three exterior soft-top colors, 14 exterior colors, 12 unique seat colors and material combinations plus a choice of two interior trims.

Fiat has not yet disclosed details on the engine range, but expect to find the same 101HP 1.4-liter MultiAir four-cylinder gasoline unit that powers its fixed roof twin. Launch dates and prices are to be announced.

Fiat announced that the first batch of its 500 mini to be sold in the States will be the Prima Edizione limited edition models. Sporting the 1.4-liter MultiAir gasoline engine, the special 500s were available in three exterior colors – white, red and grey – and sold out pretty quickly.

Those who didn’t get the chance to buy the Prima Edizione need not worry, as the regular versions are on their way.

When it goes on sale, the 500 will be available in three trim levels: Sport, Pop and Lounge. From these, the Sport model clearly stands out with its unique front and rear bumpers, side skirts and roof spoiler. The suspension will be made sportier too, while 16-inch alloys complete the upgrades over the standard versions.

An even funkier version will follow in spring of 2011, the canvas-top convertible 500C. The U.S.-spec Fiat 500 will make its debut at next week’s Los Angeles Auto Show. We’ll keep an eye open for further details on specs and pricing.

Hot news for fiat’s fans: the UK will be the first country in Europe to receive the new 500 Convertible even before it goes to dealerships in Italy. The all-new Fiat 500C cabrio will arrive in UK show-rooms this summer. The prices ranging from £11,300 for the entry-level 1.2-liter gasoline model to £14,100 for the highly specified Lounge version with a 1.3-litre turbodiesel. The rag-topped 500 will be available in 11 colors and buyers being able to choose from three different engines, the 69HP 1.2-litre and 100HP 1.4-litre petrol units, and the 75HP 1.3-liter MultiJet turbodiesel.

There are two trim options available, Pop and Lounge. An electrically operated hood, air conditioning, remote central locking, radio/CD/MP3 player, seven airbags and electric door mirrors are standard on all cars, while climate control, ESP stability control, foglights and rear parking sensors are among the principal features incorporated in Lounge models.

1.2 Pop £11,300

1.4 Pop £12,500

1.3 Mjet Pop £12,700

1.2 Lounge £12,700

1.4 Lounge £13,900

1.3 Mjet Lounge £14,100

Fiat plans to unveil its 500 cabriolet at the Geneva Motor Show in March. The new cabrio, called 500C, C will go on sale in summer.

FIAT 500 C is a four-seater, but rear seats will be small and a bit of boot space will be lost.

The 500 C will have a folding canvas roof, which stows away neatly into the rear compartment; it keeps its door pillars and roof structure intact, however, so will not give a full roadster experience.

Expect the same 70bhp 1.2 and 100bhp 1.4-litre petrol engines as the 500 hatch; a turbocharged Abarth version is likely to follow, though the 75bhp 1.3 diesel may not be offered.