Some three years after Fiat's Abarth division collaborated with Ferrari for the creation of the Abarth 695 Tributo Ferrari, the Italian company is heading to the Geneva Salon with yet another special edition of the 500 that pays homage to one of the Group's premium brands, the Abarth 695 Tributo Maserati.

Whereas the Ferrari inspired model is based on the tin-top Abarth 500, the Maserati-flavored variant is offered exclusively in convertible form, though the term is somewhat misleading as the open-top model features a canvas top that rolls back but keeps the roof rails intact – something like a huge sunroof.

The limited run Fiat Abarth 695 Tributo Ferrari special may come with its own bespoke Scuderia Red finish with contrasting grey racing stripes (among other unique features) but that hasn't stopped Japanese tuner Office-K from giving it a new shade – fortunately, not permanent.

The tuning firm covered the Ferrari-branded Abarth model's body in a flashy chrome vinyl wrap with racing stripes in the colors of the Italian flag.

Just because it's tiny and made from Europe's equivalent of Chevrolet, doesn't mean that the new 160-horsepower 2012 Fiat 500 Abarth comes in cheap.

In fact, it's US$22,000 price tag (*not including destination and handling charges) is sure to raise some eyebrows.

And this not only because it costs $6,500 more than the standard 101-horsepower 500, but also because it brings it in the same price range as sports cars like the 210HP 2012 Hyundai Genesis Coupe ($22,250) and even the 305HP 2012 Ford Mustang V6 ($22,310)!

The Chrysler Group has put together a video that highlights all the important events that took place in the year.

These include several important product introductions such as the new Chrysler 300 and 200, the redesigned Dodge Charger and new Durango, and the presentation of the Abarth 500, plus the early repayment of US$7.6 billion in loans to the U.S. and Canadian governments six years before the loans came due.

You can watch Chrysler's video for yourself right after the jump.

A funny t-shirt slogan reads “aim low, achieve your targets, avoid disappointment”. But it would probably be best if you didn’t give it as a Christmas present to Fiat CEO Sergio Marchionne.

The reason is that the Italian group has lowered its 2012 sales forecast of 2.7 million units by a substantial amount; the new target for next year is 2.2 million, 500,000 units short of the original estimate presented in the group's 5-year plan.

The good news is that its partner, Chrysler, is expected to hit its 2.4-million sales target. Adding up the numbers brings the Fiat-Chrysler combined sales projection for 2012 to 4.6 million units.

Why stop when you have a good thing going? And with some 2.2 million views on Fiat's official Youtube channel alone, we'd say the company's 500 Abarth Seduction clip starring Romanian hottie Catrinel Menghia, has been a very successful communication tool for the Italians.

Now, less than a month after the original digital spot made its internet debut, Fiat has released a so-called "pop-up" version by VH1 that incorporates some fun facts about the clip and the two protagonists that will run through the end of December.

The Abarth 500, especially when fitted with the 'essesse' performance package that lifts the 1.4-liter turbocharged engine's output to 160-horses, is a capable little beast for its size and price, but is that enough to challenge a previous generation Subaru Impreza WRX STI on the racetrack?

Well, as any driver with some experience on the circuit will tell you, it’s as much about the car as it is about the person sitting behind the wheel. That said, the Abarth 500 shouldn't come close to an STI in the right hands but it's plausible under certain circumstances.

After a relatively short stint as the head of the Fiat brand in North America that lasted only 20 months, the Chrysler Group announced today that Laura Soave has left the company without giving a reason for her departure.

The Detroit-based automaker issued a statement saying, "Laura Soave has left the Company and will pursue other interests" adding that she will be replaced by Timothy Kuniskis, who recently served as Director for both the Chrysler Brand and Fiat Brand Product Marketing.

The Fiat Group's never-ending streak of special edition models continues with the new Abarth Punto Scorpione that will receive its world premiere alongside the 595 specials at the upcoming 2011 Bologna Motor Show in the beginning of December.

The Abarth Punto Scorpione is based on the esseesse model and is powered by the same 180HP 1.4-liter turbocharged MultiAir engine. It accelerates from 0-100 km/h (0-62 mph) in 7.5 seconds and its top speed is 216 km/h (134 mph).

There seems to be no end to the release of differently flavored versions of the Fiat 500, the Abarth version of which made its North American debut in L.A. just last week.

Today, the Italian company announced that it would reveal two new production editions and a racing version of the Abarth 500 at the forthcoming 2011 Bologna Motor Show, which takes place in Italy from December 3 to 11.

The new production models are the Abarth 595 Turismo and 595 Competizione, the first of which is said to target buyers that would like a sporty model "without going to an extreme", while the other is designed to appeal to those that would like something a little more aggressive.

Not that we mind one bit, but remember the scorching hot brunette starring in Fiat's 500 Abarth commercial? Whom are we kidding, of course you do.

Well as one of our commentators, Vlad Ewan, pointed out, even though Fiat's ad would like us to believe that she is Italian, the bodacious, long-legged model is in fact Romanian and her name for those of you familiar with "Google Image Search" is Catrinel Menghia.

But then again, isn't that the case with the Fiat 500 in the sense that it's not built in Italy but in Tychy, Poland and Toluca, Mexico?

And since we're on the topic of Fiat 500 ads, the Italian company just released nother commercial with Jeniffer Lopez, this time for the limited production 500 by Gucci Edition, which you can watch with or without your palm facing your head in the video after the jump.

After seeing the lukewarm response to its U.S. market commercials on the 500C starring Jennifer Lopez (…or was that the other way around?), Fiat's marketing division put its act together and presented a more appropriate ad for its 2012 500 Abarth, which was unveiled today at the Los Angeles Auto Show.

The new advertisement conveys the message that the 160-horsepower 500 Abarth is a naughty little Italian city car in a cheeky but tasteful way. The 1-minute long commercial concludes with the female voiceover, "The Fiat 500 Abarth. You'll never forget the first time you see one".

You can take a look at the clip for yourself in the video after break.

After the U.S. launch of the regular Fiat 500 and the canvas-top 500C, it's time for the Italian automaker to introduce the sportier version of its retro-styled mini, the new 2012 500 Abarth that makes its debut today at the Los Angeles Auto Show.

The good news is that Fiat opted to offer the 500 Abarth with a more powerful engine than the standard 135-horsepower four-banger that's available on the basic European model.

In the States, the hot 500 gets a turbocharged, twin intercooled and MultiAir-equipped 1.4-liter engine that produces a more robust 160-horsepower at 5,500 rpm and 170 lb-ft (230Nm) of peak torque between 2,500 and 4,000 rpm.

The American division of the Fiat Group is trying to create some buzz around the arrival of the most potent version of its retro-styled city car to date, the 500 Abarth, with a new video teaser.

Fiat's 23-second spot starts out by asking viewers "Does this country need another outcast?" and "Does this country need another rebel and another bad boy?", with the actual 500 Abarth only making a quick appearance towards the end.

Well, look at this way; at least it's not another minute-long video tribute to Jennifer Lopez…

The Fiat Group may be constantly delaying Alfa Romeo's return to the U.S. market but at least it's keeping its word with the 500 range.

After the regular three-door hatchback and the rolling soft top 500C, Fiat is now introducing the most stimulating (from a driver's perspective) version of the series, the sporty Abarth model, which will be making its debut at the 2011 Los Angeles Auto Show on November 18.

The first photos of Romeo Ferraris Cinquone Stradale hit the web on Saturday giving us a taste of the limited production model.

We're still waiting for the Italians to share the full details but in a previous email, Romeo Ferraris told us that its over-the-top Fiat 500 Abarth will be an "extreme" street-legal version of its racing model powered by a highly modified 1.4-liter turbo engine delivering 300-horsepower.

A new version of the 500 city car was Abarth’s most important model at the 64th IAA. As you can probably tell from its name, the Abarth 695 Competizione is a hardcore version of the normal Abarth 500, and it also pays homage to the company’s race-tuned cars of the past. Read more »

The Fiat Group’s Abarth division will display three “specialties” based on the firm's Punto supermini, the 500 and 500C softop models at September's Frankfurt Motor Show.

First up is the Abarth Punto SuperSport featuring a “Grigio Campovolo” two-tone color scheme with silver bodywork and a matte black bonnet and roof, along with “SuperSport” decals on the side, the tailgate and the mirrors, plus a set of 18-inch alloy wheels with red brake calipers.

Leave it to the Fiat Group to turn a vehicle presentation into a girls gone wild part – not that we are complaining, mind you…

We don’t have any information regarding the clip that popped up on Youtube other than a vague description that says "FIAT girls dancing at FIAT Grande Punto ABARTH S2000 LIVE!", so if you happen to know more, just leave us a comment below.

And if you're looking for something a bit more spicier from the Italians, you may want to check out this video from the Fiat Group presentation at the 2006 Poland Auto Motor Show.