The diminutive model is said to be based on the Fiat Strada, with a 1.6-liter four-cylinder engine that traces its roots back to the Neon, according to Allpar. The powerplant is good for 115 horsepower, sent to the front wheels, with a payload capacity of more than 1,500 pounds.
Images show a regular-cab two-door edition and an extended-cab configuration, with seating for four and a suicide door for the rear passengers. It will be aimed at other small pickups in the local market, such as the Volkswagen Saveiro.
Several major automakers are rumored to be considering compact pickups for the US market, however Chrysler has not publicly confirmed any intention to offer the Ram 700 north of the Rio Grande.
Buyers in Mexico and the Caribbean will be able to pick up the Brazil-built 700 for the equivalent of approximately $14,000 USD. Pricing for the extended-cab model jumps to $18,000 USD.