The 508 Balilla was a compact car designed and developed by Fiat in 1932. It was, effectively, the replacement of the Fiat 509, although production of the earlier model had ceased back in 1929. It had a three-speed transmission (increased to four in 1934), seated four, and had a top speed of about 50 mph (80 km/h). It sold for 10,800 lire (or 8,300 2005 euro). About 113,000 were produced.
The car was also assembled by Walter Motors a.s. in Czechoslovakia, in the Centralne Warsztaty Samochodowe factory in Poland, by NSU-Fiat in Germany and by “SAFAF” (rebranded in 1934 as “Simca-Fiat”) in France.
The car was developed by some of the leading Italian automotive engineers of the day, including Nebbia, Fessia and Tranquillo Zerbi. The goal was to incorporate some of the qualities of a high class automobile into a modestly priced vehicle. The car had its unveiling on 12 April 1932 at a motor show being held on the Fiera Milano trade fair site.