Prices have yet to be announced, but at the international launch in Naples, Fiat said it was targeting a sub-€10,000 lead-in in all markets, placing it under £9,000 in the UK.
Dealers will also be looking to attract customers by offering test drives while giving their current model a check over. Across Europe a '100 squared' finance package will also be offered - €100 a month over 100 months although this has not been discussed for the UK yet.
Since the original Panda was launched in 1980, 6.4m models have been sold. The previous generation model was launched in 2003 and built at Tychy in Poland. The new model is going back to Italy and will be assembled at the newly-refurbished factory at Pomigliano near Naples.
In 2008, Pomigliano was struggling, under used and producing the ill-loved Alfa 159. Three years on it has been transformed, refurbished, re-tooled and re-trained. It now stands as a benchmark production facility not only for the Fiat Group, but alliance partner Chrysler as well.
Fiat boss Sergio Marchionne said: "It is our intention to help build a new industrial culture in the south of Italy and we have delivered on a promise to restructure the whole plant which is now the most modern in Italy and probably in Europe". The plant can build 300,000 cars a year and has the flexibility to build more than one model.Fiat 500X updated for 2018
9 October 2018 two-millionth Fiat 500 delivered
7 July 2017 Fiat 124 spider turns 50
3 November 2016 New Fiat Qubo debutes in the UK
15 July 2016