A new, tuned-up performance version of the famous Fiat 500 model has been revealed.

But this new model is not a Fiat; it is called the Abarth 595 and has been developed up by Fiat's in-house tuning company, Abarth.

Abarth, which work hand in hand with Fiat, has made many different types of modifications to this Fiat 500 model, including its engine, interior trim and body style.

The Abarth 595 is available in two customised models called the Turismo and Competizione. The Turismo model comes in a classic sport like red and black paint job whereas the Competizione comes in an all grey paint job.

Both models offer a 1.4-litre turbocharged petrol engine with a power output of 158hp. This engine gives the models a 0-62mph capability of 7.4 seconds.

Alongside this available power the engine will also have an 'over-boost function'. This allows the driver to vary their speed and increase power output just by pressing a button.

Although both models use the same engine they use different gearboxes. The Turismo uses an automated manual gearbox, and the Competizione uses a five-speed manual gearbox.

As well as the new engines new standard equipment is offered which includes 17" alloy wheels, a leather steering wheel and aluminium pedals. Other options that are not standard include two customisation kits.

The first kit offers self-ventilated front and rear disc brakes and the second kit offers adjustable shock absorbers and shorter springs that in turn reduce the car's ride height and improve its downforce, handling and overall sportier driving experience.