Go Back   Team-BHP > BHP Worldwide > The International Automotive Scene


Reply
 
Thread Tools Search this Thread
Old 11th December 2013, 09:44   #1
Distinguished - BHPian
 
RavenAvi's Avatar
 
Join Date: Jun 2011
Location: Flying Around
Posts: 5,375
Thanked: 28,348 Times
Default Fiat S.p.A discontinues the Punto for Europe!

It's apparent that the iconic car hasn't been making big profits for the Italian car company in recent years.

Fiat Spa has announced that it will be spending almost $12 billion (9 million Euros) over the span of the next three years on developing brand new models for the European market.

Most of the new models will be based on either the Fiat 500 or the Fiat Panda. Fiat had previously announced that it hopes to develop at least 20 new models for Europe by 2016, including eight Alfa Romeos. Some of those cars are a 500-based SUV along with Italian-made Jeeps to be introduced alongside the open version of Alfa’s 4C sports car.

A 5-door version of the 500 will be Punto's replacement. It will be built in Poland to save on costs, instead of Fiat Spa's Italian plants.

The successful Punto drove almost a third of all Fiat's sales in Europe until 2007, after which sales went on the decline. This despite Fiat launching refreshes of the car in periodic intervals.

Fiat has been steadily losing it's market share in Europe over the past four years, dropping to 6.2% from a healthy 9.3%. The Italian automaker has had almost 2 billion euros in operating losses since 2011, including over 300 million euros in losses for the first three quarters of 2013 alone.

Fiat S.p.A discontinues the Punto for Europe!-fiat-punto-evo-16.jpg


SOURCE - http://www.thetruthaboutcars.com/201...-next-3-years/
RavenAvi is offline   (3) Thanks Reply With Quote
Old 11th December 2013, 12:09   #2
Team-BHP Support
 
Join Date: Feb 2004
Location: Mumbai
Posts: 7,316
Thanked: 23,892 Times
Default re: Fiat S.p.A discontinues the Punto for Europe!

In an attempt to revive its factories in Italy and end its losses in Europe, Fiat has decided to make certain changes to its policies and the positioning of its products. In the process, the company has dropped the Punto hatchback from its European line up.

Link to Team-BHP News Article
Aditya is offline   (1) Thanks Reply With Quote
Old 11th December 2013, 12:52   #3
Senior - BHPian
 
sourabhzen's Avatar
 
Join Date: Jun 2012
Location: GURGAON
Posts: 1,541
Thanked: 1,277 Times
Default re: Fiat S.p.A discontinues the Punto for Europe!

Hard to imagine Itallian roads without Punto. But thats how things happen. I wonder if there was anything that could be done to keep this beauty alive. Hope someone can do the same to Punto as what TATAs did to JLR!
sourabhzen is offline   (1) Thanks Reply With Quote
Old 11th December 2013, 13:25   #4
BHPian
 
Join Date: Feb 2010
Location: Kitchener
Posts: 197
Thanked: 108 Times
Default re: Fiat S.p.A discontinues the Punto for Europe!

Holy Moly. I hope it doesnt have cascading effects here in India for the already declining sales charts. This news is not welcoming since we are expecting the next generation punto next year here.
Rubbertramps is offline   Reply With Quote
Old 11th December 2013, 14:33   #5
BHPian
 
chaudh2s's Avatar
 
Join Date: Jul 2010
Location: Gurgaon
Posts: 197
Thanked: 243 Times
Default re: Fiat S.p.A discontinues the Punto for Europe!

The news digs the final nail in Fiat India's coffin! This news will travel like wildfire over the next couple of weeks in all newspapers and magazines and basavanhalli would be scratching his head like anything. The timing of this withdrawl couldn't be any poorer.
chaudh2s is offline   Reply With Quote
Old 11th December 2013, 14:41   #6
BHPian
 
Join Date: Feb 2013
Location: Bangalore
Posts: 38
Thanked: 56 Times
Default re: Fiat S.p.A discontinues the Punto for Europe!

If anyone, like me, has been wondering about the general state of European automobile market, read this article by Spiegel and this info-graphic from the same article.

On the face of it, sales in Europe are down by 25% from its 2007 level and while VW group is not affected by this decline, Hyundai has actually increased it by 37.9%, an incredible achievements by both manufacturers. FIAT's sales are down by 35.6%.
shobhit.shri is offline   (1) Thanks Reply With Quote
Old 11th December 2013, 15:14   #7
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Thane
Posts: 5,041
Thanked: 2,086 Times
Red face re: Fiat S.p.A discontinues the Punto for Europe!

The news is to be taken with a pinch of salt. Although the iconic brand will be discontinued in Europe, the parent co will still be churning out the product in the 3rd world countries where there will be many takers. While Europe moves to multi air technology the Asian subcontinent still would be continuing with the age old MJD.

Should the Indian customer be concerned with the new?
ghodlur is offline   (3) Thanks Reply With Quote
Old 12th December 2013, 11:47   #8
Senior - BHPian
 
CARDEEP's Avatar
 
Join Date: Jan 2010
Location: NCR
Posts: 2,699
Thanked: 1,485 Times
Default re: Fiat S.p.A discontinues the Punto for Europe!

Fiat Punto is amongst the least reliable cars in Europe, which could be the major reason for its demise there. Here is a link to an article based on the respected TUV-Report where it stood 17th amongst the least liable European cars:

http://cars.uk.msn.com/features/the-...europe?page=27

There are more Fiats in the list & surprisingly the Dacia Logan is the least reliable cars in Europe.
CARDEEP is offline   (1) Thanks Reply With Quote
Old 12th December 2013, 11:51   #9
BANNED
 
Join Date: Jun 2012
Location: India
Posts: 610
Thanked: 590 Times
Default re: Fiat S.p.A discontinues the Punto for Europe!

It will continue to be sold in India. I look forward to new models that will be launched in Europe this decade, so they could make it here in the next decade.

Last edited by GTO : 12th December 2013 at 18:03. Reason: Please use proper punctuation in your posts. Thanks!
Pedaltothefloor is offline   Reply With Quote
Old 12th December 2013, 12:40   #10
BHPian
 
Join Date: Oct 2013
Location: mh
Posts: 65
Thanked: 26 Times
Default re: Fiat S.p.A discontinues the Punto for Europe!

The 5 door fiat 500 which is in talks, is also a very good-looking car. The pics on the net show it to be almost like a mini. Punto has been sold in a huge number in europe and fiat may want a completely new car to replace it and maintain sales.
About india, fiat may not discontinue punto for a long time to come. Keeping in mind the big exercise done by fiat to highly localize the punto, secures the punto's existance in india.
prokinetic is offline   (3) Thanks Reply With Quote
Old 12th December 2013, 18:30   #11
BHPian
 
namit's Avatar
 
Join Date: Jan 2006
Location: Delhi
Posts: 392
Thanked: 49 Times
Default Re: Fiat S.p.A discontinues the Punto for Europe!

I don't see any problem with punto although discontinued elsewhere continuing to be on sold in India

If other manufacturers can make compromised guises to cater the need of mango people in India and loot us with highly spoken of but very little on offer so can Punto continue

Also to note here that whether discontinued abroad yes or a no, punto is still a very competent hatch and arguably better than swift and unarguably second to swift

My take and waiting for fiat to be just aggressive in India and rest of the things will be taken care of automatically
namit is offline   (1) Thanks Reply With Quote
Old 9th May 2014, 16:11   #12
Team-BHP Support
 
Join Date: Feb 2004
Location: Mumbai
Posts: 7,316
Thanked: 23,892 Times
Default Re: Fiat S.p.A discontinues the Punto for Europe!

The replacement for the Fiat Punto could be called the 500 Plus.
Link to Team-BHP News Article
Aditya is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Skoda discontinues base variants of Fabia sarthakgupta The Indian Car Scene 17 13th September 2012 20:08
*Rumour* : Volkswagen Discontinues 1.6 MPI Petrol Polo- Update: now confirmed! sarthakgupta The Indian Car Scene 76 12th September 2012 11:40
MSIL discontinues old swift. EDIT : New Swift LAUNCHED! sidindica The Indian Car Scene 1448 25th September 2011 11:51
Swift VDI+ABS or Fiat Punto MJD or New Fabia 1.2 Diesel. Edit- Booked Fiat Punto MJD magnanimousdude Hatchbacks 59 27th October 2010 13:18
Fiat Punto Sales : No. 1 in Europe amit The International Automotive Scene 7 7th March 2006 01:17


All times are GMT +5.5. The time now is 01:56.

Copyright ©2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks