Fiat Chrysler Automobiles (FCA) Sergio Marchionne has announced Fiat's version of the new Mazda MX-5 will be called "124 Spider".

Fiat Chrysler Automobiles (FCA) Sergio Marchionne has announced Fiat's version of the new Mazda MX-5 will be called "124 Spider".

It turns out rumors were spot on as the official confirmation was made earlier this week during the Geneva Motor Show when Auto Express found out from a Fiat executive the name's car, with Marchionne adding shortly after that "There you go – a world class premiere right in this room!".

The car is expected to carry over the chassis and wheelbase of the new Miata while the body will adopt a retro styling with influences from the classic Fiat 124s of the 1960s. Weight should stay below the 1,000 kg (2,204 lbs) mark while power is expected to come from an array of "small affordable engines", including a 1.4-liter MultiAir Turbo offered in different states of tune.

An Abarth version could later on join the range with the same engine upgraded to as much as 200 bhp (149 kW). This hotter derivative should also get larger brakes, stiffer suspension and a slightly more aggressive body.

The modern Fiat 124 Spider is expected to come out in 2016 while Abarth's version will likely be commercialized starting 2017.

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