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Fiat re-launched the tiny and iconic 500 in Turin, Italy yesterday. Known in Italian as Cinquecento, Fiat is hoping this small car will be hugely poplar with its clean design and made-in-Poland prices. Fiat's hopes for this vehicle are so high, the company is publicly calling it the "iPod of cars."

The Fiat 500 is headed for a revival this summer, the 50th anniversary of this early small city car. Known as the Nuova Fiat 500, the car was introduced on July 4th, 1957. This July 4th, in Turin, Fiat will offer the new made-in-Poland Fiat 500 for sale. Only 355 cm long, 165 cm wide and 149 cm tall, the new Fiat 500 comes with three engine options: a 75 bhp 1.3 16v MultiJet turbodiesel and two petrol engines, a 69 bhp 1.2 8v and a 100 bhp 1.4 16v, with five or six speed manual gearboxes. Really