Automotive News is reporting that four versions of the famed Fiat 500 will be crossing the pond in early 2011. According to the head of styling at Fiat, Roberto Giolito, production will include a hatchback, convertible, station wagon and a sport hatchback most likely wearing the Abarth badge. The latter will have somewhere between 135 and 160 horsepower. A fifth SUV model is not out of the question. Sadly, this will be the ONLY Fiat slated for American production. But what’s bad for Fiat fanatics is good for Alfa lovers.

Fiat turned Chrysler CEO Sergio Marchionne is concerned with brand perception. Fiat is still fighting back impressions of low quality and poor reliability. As a result, most European cars hitting the U.S. will carry the Alfa Romeo name. Fiat could either share dealer space with an existing Chrysler line or open up separate Fiat/Alfa Romeo locations.