Punto drives Fiat recovery

BMW_Dude · 03-28-2006, 05:54 AM

Fiat's new Punto is showing early signs of achieving its goal - turning round the company's flagging fortunes.

Fiat Group, which comprises Fiat, Alfa Romeo and Lancia, saw its slice of the European car market rise by over 11 per cent in February. It's the biggest share for the troubled Italian giant since February 2002, and analysts are putting the success down to the new baby hatchback. 'Fiat is benefiting from the full availability of the Grande Punto,' wrote Morgan Stanley analyst Adam Jonas.

By contrast, Renault is going through a tough period as the firm's boss Carlos Ghosn tries to stop dealers from offering too many incentives. The result was a 5.7 per cent drop in its sales in February.

Other losers in the sales story included Ford (down 2.6 per cent), Jaguar (down 19.7 per cent) and Hyundai (down 4.4 per cent). But Volkswagen saw its share rise by 15.2 per cent.

Source = Autocar

Good to see that Fiat are doing better!

Giannis · 03-28-2006, 08:31 AM

good news. i don't want FIAT to die slowly. And Punto is a great car. Not expensive, and big enough..

03-28-2006, 05:54 AM	#1 (permalink)
BMW_Dude Aficionado Join Date: Sep 2005 Posts: 4,224 My Mood: Thanks: 265 Thanked 392 Times in 234 Posts	Punto drives Fiat recovery Fiat's new Punto is showing early signs of achieving its goal - turning round the company's flagging fortunes. Fiat Group, which comprises Fiat, Alfa Romeo and Lancia, saw its slice of the European car market rise by over 11 per cent in February. It's the biggest share for the troubled Italian giant since February 2002, and analysts are putting the success down to the new baby hatchback. 'Fiat is benefiting from the full availability of the Grande Punto,' wrote Morgan Stanley analyst Adam Jonas. By contrast, Renault is going through a tough period as the firm's boss Carlos Ghosn tries to stop dealers from offering too many incentives. The result was a 5.7 per cent drop in its sales in February. Other losers in the sales story included Ford (down 2.6 per cent), Jaguar (down 19.7 per cent) and Hyundai (down 4.4 per cent). But Volkswagen saw its share rise by 15.2 per cent. Source = Autocar Good to see that Fiat are doing better!

03-28-2006, 08:31 AM	#2 (permalink)
Giannis Devotee Join Date: Oct 2005 Location: Patra, Greece Posts: 3,488 Thanks: 140 Thanked 216 Times in 164 Posts	Re: Punto drives Fiat recovery good news. i don't want FIAT to die slowly. And Punto is a great car. Not expensive, and big enough..

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