Fiat 500’s production will be increased to 200,000 units

With the gas prices lately, it is no surprise the minicars are a hot item, especially the fashionable retro ones like the Fiat 500. The little car has already helped boost the Italian company to a record sales year. In fact, due to huge European demand, the production has been increased to more than 200,000 units annually.

This is the second increase to 500 production since its introduction last year. The Italian carmaker initially planned to sell 120,000 units, but high demand for fuel-efficient small cars saw Fiat lift the target to 140,000 earlier this year. Fiat now has the ability to sell 195,000 of the little cars by the end 2008.