On Wednesday the Italian automaker Fiat announced that it will come back in to the American market with its low priced Mini Cooper, the Fiat 500 subcompact which will be priced at fifteen thousand five hundred dollars. It is nearly five thousand dollars less than Fiat's model Mini.

The Italian auto major had taken names of as many as one hundred and thirty distributors in the US those will sell the cars in the thirty nine states of the country.

In the last year Fiat had taken over the management of Chrysler Group gave the distributors of Chrysler the first offer to sell Fiats but on conditions that they have to set up separate sales units and areas which will give customers a European boutique feel.

Fiat will come up with its 2012 Fiat 500 which is a three-door hatchback car with a rounded shape like the 1957 Fiat model and this will be firm's first vehicle to cruise the streets of the Us since it left the country in the year 1983. It did so being disgusted with rust problems and quality issues.

In Los Angeles on the Auto Show Fiat unveiled the North American Version of its Fiat 500.

In the next year the firm has plans to bring the convertible version of the Fiat 500 in the US. In the year next to the next year they will be launching the high performance electronic version of the same in the US. Even the auto major has contemplated of bringing one four-door version.

The Fiat 500 became quite a popular vehicle in Europe since it started selling from the year of 2007. The North American version will also have many similar characteristic features of the European 2007 model.