Fiat has announced the prices and specs for its mild-hybrid 500 and Panda models.

The Panda and 500 models are Fiat’s best-selling models, with 400,000 units sold in Europe last year between them.

Fiat says that this new mild-hybrid technology will help improve efficiency, with Fiat claiming a reduction in CO2 emissions by up to 30 per cent – as low as 88g/km for the 500 and 89g/km for the Panda.

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The new 1.0-litre engine has a power output of 70bhp whilst retaining a fuel economy figure of 49.9mpg for the Panda and 53.3mpg for the 500 – both cars come as standard with a six-speed manual gearbox.

The new 500 hybrid models start at £12,665 for the entry-level Pop version and rise to £16,795 for the Launch Edition which is equipped with a special Dew Green paint finish, hybrid logos and seats made from Seaqual yarn – an automotive first.

Panda models start at £13,885 for the basic City Cross model and rise to £14,485 for the Trussardi model. The Launch Edition will be available for the Panda as well, priced from £14,385.

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The 500 and Panda mild-hybrid models are the first electrified car to come out of the Fiat Chrysler group to be sold in Europe. A fully electric 500 arrives later this year.

The 500 and Panda mild-hybrid models are expected to arrive in UK showrooms in February and March 2020, respectively.