What "Sport Mode" on the Fiat 500 is Good For

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The Fiat 500 is a two-door four-passenger, transverse front-engine, front wheel drive city car manufactured and marketed by Fiat since 2007 in hatchback and fixed-profile cabriolet body styles, over a single generation — and available in European markets beginning with model year 2016 with its first facelift. The 500 is internally designated as the Type 312 by FCA.

Derived from the 2004 Fiat Trepiùno 3+1 concept (designed by Roberto Giolito), the 500's styling recalls Fiat's original 1957 Fiat 500,[5][6][7] nicknamed the Bambino[8] — a model that was designed and engineered by Dante Giacosa and went on to sell more than four million copies in 18 years (1957-1975).[9]

Translated from concept to production design under the design direction of Frank Stephenson, the 5002007 features Dante Giacosa's 1964 breakthrough front-wheel drive breakthrough layout — which ultimately became an industry standard,[10] the layout "adopted by virtually every other manufacturer in the world" for front-wheel drive[11] The 500 uses Fiat's Multiair hydraulically-actuated variable valve timing (VVT) engine technology, winner of the 2010 International Engine of the Year[12] as well as Popular Science's Best of What's New.[13]

The 500 was announced on May 5, 2006,[14] presented in images on March 20, 2007, and debuted on July 4, 2007,[15] with 250,000 people in attendance and with new models prominently displayed in 30 Italian cities.[16]

Manufactured in Tychy, Poland and Toluca, Mexico, the 500 is marketed in more than 100 countries worldwide, including North America, where the 500 marked Fiat's market return after 27 years. With the millionth Fiat 500 in 2012; and production reaching 1,5 million in 2015, after 8 years, the 500 has won more than 40 major awards, including the CAR Magazine Car of the Year (2007)[17] and the World’s Most Beautiful Automobile[18] In 2009, an art installation designed by architect Fabio Novembre featured 20 full-size fiberglass replicas of the Fiat 500C, shaped as planters, along Milan's famous Via Monte Napoleone.