One of Lancia's
achievements with the Y10, later called Ypsilon, was creating the urban chic supermini well before the new Minis or Smarts were on the road. Although not the most successful car in the segment, the Ypsilon has been a Lancia staple since its introduction in 1996. Since the current version is starting to look outdated, the Italian marque is planning to launch an updated based on the future Fiat 500 Giardinera
station wagon, that will use an enlarged platform from the current Fiat 500
Ka. This is a remarkable change, since the current Ypsilon is based on the Fiat
Punto model. Expect all the engines installed in the Fiat 500 to appear under the Ypsilon's hood, including the upcoming 0.9 liter Multiair.
[Source: Auto Week