Have you ever been sitting around watching that professional sporting event and wished you had a Fiat full of carbonated beverages. Or what about that road trip when you wished the space under the bonnet was stocked with cold drinks rather than the pesky 1.4 MultiAir engine? Turns out your dreams of an enhanced liquid refreshment environment may just come true thanks to the SMEG 500, a chilling collaboration between Italy’s Fiat and appliance manufacturer, SMEG.

Unveiled in Paris, the SMEG 500 collaboration is a tribute to the design partnership Fiat and SMEG held in the 1950s. In 1957 Fiat launched the very much small, very much iconic 500 in Turin. It was also about this time that Italy was transitioning from an agricultural state to a production economy in which furniture and white goods played an important role. This change was highly influential in building Italy's modern reputation as a design powerhouse.

So what better way to celebrate a half century of Italian design than to take the nose of a 1950s era Fiat 500 and transform it into a retrofied, auto-inspired refrigerator? The resulting cooler has an A+ energy rating, three removal bottle holders, dedicated can shelf, capacity for 100 liters of chilled Peroni and a bonnet.

Available in white, green or red, the SMEG 500 fridge can be ordered from June 2013, but there's no word as yet on price.

Product page: Fiat 500 design collection