Back in 2012, Fiat signed a Memorandum of Understanding with Mazda for joint development and manufacture of a new sports car based on the next-generation (2016) Mazda MX-5 rear-wheel-drive architecture.
Initially, the Fiat family version of that car was to be badged as an Alfa Romeo. But somewhere along the way that plan changed.
FCA CEO Sergio Marchionne confirmed at the 2015 Geneva Motor Show that the car will wear a Fiat badge and that it will reprise the name '124 Spider'.
The original 124 Spider was designed by Pininfarina and built from 1966 to1982 on the same platform as the Fiat 124 sedan.
The new car will share its core structure with the MX-5 but will have its own bodywork and use an as yet unspecified Fiat family engine. A high-performance Abarth version is also rumoured.
The 124 Spider is expected to be built along with the MX-5 at Mazda’s Hiroshima, Japan, plant. Its introduction date has not yet been announced.
The addition of the sports car will be welcomed by Fiat dealers in North America who have been limited to selling 500 variants, and in a few cases the Alfa Romeo 4C, to date.