The Fiat 500 (Italian: Cinquecento, pronounced [ˌtʃiŋkweˈtʃɛnto]) is a rear-engined, four-seat, small city car that was manufactured and marketed by Fiat Automobiles from 1957 to 1975 over a single generation in two-door saloon and two-door station wagon bodystyles. Launched as the Nuova (new) 500 in July 1957,[2] as a successor to the 500 "Topolino", it was an inexpensive and practical small car. Measuring 2.97 metres (9 feet 9 inches) long, and originally powered by a 479 cc two-cylinder, air-cooled engine, the 500 was 24.5 centimetres (9.6 inches) smaller than Fiat's 600, launched two years earlier, and is considered one of the first purpose-designed city cars. In 1959, Dante Giacosa received a Compasso d'Oro industrial design prize for the Fiat 500. It was the first time when it was awarded to an automotive industry.[3] In 2007, the 50th anniversary of the Nuova 500's launch, Fiat launched another new 500, stylistically inspired by the 1957 Nuova 500, featuring a front-mounted engine and front-wheel drive. In 2017 Fiat celebrated the 60th anniversary with an exhibit at the Museum of Modern Art in New York City[4] and received one of the Corporate Art Awards by pptArt[5] at an event hosted by the President of the Italian Republic Sergio Mattarella at the Quirinal Palace.[6]