Fiat not planning to expand 500 range

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Fiat SpA (NYSE: FIA)(ISE: IT0001976403), an Italy-based automaker, is not expanding its 500 range after it introduces the seven-seat 500XL and the Jeep-derived 500X.

Both models are to be launched before the end of 2013.

The automaker will allocate its resources to expanding the third-generation Panda range and develop a successor to the eight-year old Punto hatchback instead of introducing an additional version of the 500.

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