Fiat Chrysler Automobile has confirmed its new 2014 Fiat 500 1957 Edition will be sold for a base price of $21,200, including an $800 shipping fee.

The new vehicle was designed to celebrate Italian automotive history, according to the automaker.

The Fiat 500 1957 Edition will hit dealerships sometime this spring.

"The 2014 Fiat 500 1957 Edition is inspired by the spirit of the original 1957 Nuova 500 and offers customers the opportunity to own and drive a vehicle that celebrates Italian automotive history," said Jason Stoicevich, head of Fiat Brand for North America, in a statement.

The automaker designed the new model to compete with similar vehicles like the 2014 Mini Cooper, Volkswagen Beetle.

Confirmed specifications include 16-inch forged aluminum wheels, a retro body color design, premium leather interior, and a sport-tuned suspension.

The limited-production model is available in three classic colors: Bianco (white), Celeste (blue), and Verde Chiaro (light green).

The green and blue exteriors are matched with a white painted roof, according to the automaker.

In comparison, the 2014 Fiat 500 Pop FWD vehicle is available for $16,995, including shipping.

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