We’re really starting to hate this economic crisis. An Alfa Romeo spokeswoman, speaking to iMotor, has confirmed that Fiat has put the much-anticipated Alfa Romeo MiTo GTA on hold, probably indefinitely.

“The MiTo GTA has been put on hold. It’s hard to justify building such as high performance car at this present time as the financial crisis means that its not economically viable,” said the spokeswoman, “And, sadly, it may never be.”

Ouch – that one hurt.

The Alfa Romeo MiTo GTA was scheduled to go on sale before the end of this year. Revealed in concept form at the 2009 Geneva Motor Show earlier this year, the MiTo GTA is/was powered by a 1.75L turbo-charged 4-cylinder pumping out an outstanding 240-hp.

Alfa Romeo MiTo GTA Concept:

- By: Stephen Calogera

Source: iMotor