The new ‘Cult’ variant will join the current Lounge, Sport, 500 By Gucci and the entry-level Pop.
There’s also a new engine option at the top of the 500 range, with the 0.9 litre TwinAir two-cylinder turbocharged petrol engine joining 1.2 litre petrol and 1.3 litre diesel four-cylinder units in overseas markets.
Power outputs are 63kW and 145Nm for the TwinAir, 72kW for the diesel and 51kW for the 1.2 litre petrol engine, while a six-speed manual or Dualogic ‘automatic’ are the two transmission options.
The TwinAir-powered 500 achieves the zero to 100km/h sprint in 10 seconds flat, with fuel consumption listed at 4.2 l/100km.
Exterior changes to the 500 for 2014 include updated mirrors, extra chrome and three new alloy wheel designs, while the new Cult model adds 16-inch alloy wheels.
Inside, a new seven-inch screen which displays speed and other data to the driver headlines the new features, while the Cult gets single-zone climate control, a sunroof with blind and leather seats as standard.
Last year, Fiat took the knife to 500 prices in Australia, cutting the entry-level Pop hatch variant with 1.2 litre engine and five-speed manual transmission to $14,000 drive-away.
With the release of the updated model overseas, it remains to be seen if the five-speed manual (likely upgraded to six-speed) or the larger 1.4 litre petrol engine will continue to be offered in the local 500 range.
Fiat Australia has confirmed that the updated 500 will arrive in local showrooms during Q3 this year, with pricing and specifications to be released closer to launch.
Whether the new Cult model will be part of that line-up is unclear. As the current top-shelf 500 by Gucci is priced between $23-26k plus on-roads, expect pricing to be north of those figures if the Cult does join the local line-up.