Click above for high-res gallery of the Fiat 500 Abarth Asetto Corse

Fiat is in attendance this week at the famous Mille Miglia in Brescia, Italy and it brought with it a whopper of a small car to impress the crowd. On hand is the Fiat 500 Abarth Asetto Corse, a full race version of the little iconic car that sports a screaming 200-hp turbocharged 1.4L four-cylinder that also produces 220 pound-feet of torque. Power is routed through a six-speed gearbox on its way to a set of 17-inch track white ultralight racing wheels that totally look the part. Make no mistake, this is a real race car and a special one-make championship series is being planned that will put it on the most famous race tracks across Europe next year. Only 50 will be made, however, so entry is exclusive.

While we don't know the price yet, your bag of Euros will get you a 500 that's kitted out with an aerodynamic package that adds a front spoiler, big rear wing, fender flares at all four corners and two new hood-mounted air intakes to feed the turbo. The interior has been stripped to save weight, which now stands at just 2,050 lbs., and a racing roll bar has been installed to protect the driver who now sits closer to the center of the car to improve weight distribution and driving feel. The Asetto Corse gets big Abarth badges all around and a pastel grey with red striping livery. The one on hand at the Mille Miglia is No. 00/49 and a pre-production prototype, so there are still plenty left for those who've always wanted a 500 race car.

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