Following on from the recently revealed Fiat 124 Spider is this, the Abarth 124 Spider.

Like the Fiat, it’s based on the Mazda MX-5, but uses the 1.4-litre MultiAir turbocharged petrol engine from the discontinued Abarth Punto.

Its 170hp and 250Nm of torque give the Abarth 124 Spider a 0-62 mph time of 6.8 seconds (half a second quicker than the MX-5) and a top speed of 143 mph.

As standard, the Abarth drives the rear wheels through a six-speed manual transmission, although a ‘Sequenziale Sportivo’ auto is available for an eye-watering £2,035.

Speaking of eye-watering, the UK base price is an incredible £29,565.  In Europe, it’s priced from €40,000.

For comparison, the Mazda MX-5 starts at £18,495 and runs up to £23,955 for the top spec 160PS model.

The Abarth 124 Spider uses the Bilstein dampers and limited-slip differential from the top-spec MX-5, plus a ‘Record Monza’ exhaust.

The interior is much the same as the MX-5, other than re-styled seats and the option of a splash of suede-effect trim.

Five exterior colours are available: Turini 1975 White, Costa Brava 1972 Red, Isola d’Elba 1974 Blue, Portogallo 1974 Grey and San Marino 1972 Black.

Options include a ‘Heritage Look’ pack that adds a black bonnet and boot lid, a Bose sound upgrade, and a choice of grille inserts.

The Abarth 124 Spider arrives in September.