The Fiat 500 is currently offered in Europe with two gasoline engines and just one diesel. Since the concept of "small sport diesel" exists in the European market, it doesn't come as a real surprise that Fiat seems to be working on a sportier version of the 1.3 Multijet diesel engine that's used in the 500. According to Cinquecentisti, the new powerplant has been announced for the convertible version, and will produce 95 hp and 200 Nm of torque. This engine would be fitted to a 5-speed manual box, and use a Start & Stop alternator. This is the same engine that is already used in the 500's larger sibling, the Grande Punto.
[Source: Cinquecentisti via Le Blog Auto]