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The 500 Abarth made its official debut at the beginning at the month at the Geneva Motor Show. But the company also reported that they will reveal a Abarth version of the 500 Convertible. Rumors say the new model will be launched in 2009. After the Convertible version, two Abarth-only models will also be launched.

The Abarth 500 Convertible will be powered by the same Fire 1.4 16v Turbo petrol engine that delivers a maximum of 135 bhp (99 kW) at 5,000 rpm and peak torque of 206 Nm at 3.000 rpm found in the coupe version.