Fiat's recently revealed 500 has been a great success for the company and they expect to be sold out of the new small car until 2008. Fiat CEO Sergio Marchionne recently stated that the car could make it to the U.S. by 2010.

Gas prices are expected to reach $4 a gallon in some parts of the U.S. this summer. Because of the ever increasing gas prices, automakers are expecting consumers to continue to flock to smaller more fuel efficient cars, such as the Mini or Honda Fit. Next year the Smart ForTwo will make it to these shores and GM has also shown three new small Chevy concepts at the New York Auto Show. Will these cars that are smaller than the current popular subcompact cars, such as the Honda Fit and Toyota Yaris sell?

April's auto sales numbers have just been posted and almost every major automaker had a sales decrease last month. Even the Asian automakers that have been making headlines for their sales gains, took a hit.

Edmunds.com has posted a list of the most wanted cars in 2007 based on reader feedback. Out of the 32 categories you may be surprised which automaker took home the most awards....

According to Automotive News, Ford has hired investments banks Goldman Sachs and Morgan Stanley to help with the sale of the Jaguar, Volvo and Land Rover brands.

The Fiat 500 minicar has just been released and the automaker is already thinking about other variants of the car. It has already been confirmed that a cabriolet and an Abarth performance version will be released next year. Now according to Automotive News, Fiat may be thinking about a wagon and SUV version of the car.

In addition to the 500 Abarth, Fiat is going to unveil the 500 Aria Concept in Geneva next month.