A report indicates that the Fiat 124 Spider will make its debut at an end-of-the-year auto show before going on sale around the world during 2016.

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Sources have told Edmunds that the Fiat 124 Spider will premiere at either the Frankfurt auto show in September or the Los Angeles auto show in November.

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The Fiat 124 Spider will be based on the Mazda MX-5's rear-wheel drive platform. Unidentified people within Fiat Chrysler have told the American website that the Fiat 124 will be powered a turbocharged 1.4-litre four-cylinder engine, rather than the MX-5's 1.5- and 2.0-litre four-pot SkyActiv motors.

Regarding the car's styling, Jason Stoicevich, head of Fiat North America, told the US publication: "[The 124] will not be a rebadged MX-5. We will have our own style, our own stamp on it."

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Above: The original Fiat 124 Sport Spider, which was launched in 1965.

The Fiat 124 Spider will be built alongside the MX-5 at Mazda's plant in Hiroshima, Japan. The collaboration between the Italian and Japanese car makers was initially set to yield an Alfa Romeo-badged car in addition to the fourth-generation Mazda roadster.

These plans were reportedly scuppered when Fiat Chrysler decided to refocus Alfa as a rear-wheel drive marque with all its models designed in-house and built in Italy.

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The 124 Spider will be Fiat's first standalone convertible model since the front-wheel drive Barchetta (above), which was launched in 1995 and that went out of production in 2005.

Australian availability of the Mazda-based Fiat 124 Spider has yet to be confirmed.