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The Fiat 500 was introduced in July 1957 as a successor to the Topolino model, with which it had in particular miniature external dimensions. The design of the car, which had a total length of less than 3 meters, was almost identical to the larger related model 600. The two-cylinder, air-cooled engine was mounted at the rear and powered the rear axle. The volume of 479 cm3 was enough for a maximum output of 13 hp (10 kW). Thanks to its low weight, only 470 kg, the car was able to reach a top speed of 85 km / h.
The Fiat 500 had independent all-wheel suspension (front on the upper cross arms and lower cross leaf spring, the rear axle was angled with an inclined swing axis), a four-speed non-synchronized transmission and drum brakes, which together with the transmission remained unchanged until the end. production.