Fiat delays the launch of the new Panda until 2012 after more spending cuts

Fiat has delayed the launch of the third-generation Panda following CEO Sergio Marchionne's latest investment freeze. The new Panda will now not be launched until 2012, according to Automotive News Europe.

The model was originally slated to arrive this summer, but has now been delayed twice. It was first put back to September 2011 after Marchionne initiated a 15-month spending freeze.

Read more about the first spending freeze

The first freeze ran from October 2008 to December 2009 and saw the delay of the new Panda, the Alfa Romeo Giulietta and a replacement for the Lancia Ypsilon.

In a telephone conference with financial analysts at the time, Marchionne said launching any major new models last year in the middle of the global financial downturn would have been a “waste”.

Read Autocar’s first drive of the Fiat Panda 100HP

“That's the reason why I think we intelligently postponed a number of our programmes to make sure that it coincided with what I consider to be a structural recovery in demand in 2011 and later years,” he said.

The Lancia Ypsilon supermini will also be delayed again, as will replacements for the Fiat Musa and Multipla MPVs.

See all the latest Fiat reviews, news and video

Our Verdict

A very fine multi-use little car that offers an enticing ownership proposition

Join the debate

Comments
14

5 October 2010

I dont see why the current one needs replacing anyway to be honest, its a perfect practical small car which does everything it says on the tin, & doesnt pretend to do anything else. If FIAT marketed it more & did some special editions, & reminded everyone how cheap it is, Im sure it would still sell well for a few more years yet.

5 October 2010

Could it be that the Chrysler buy out is impacting finances!

Fiat models are the Fall Guys

http://www.flickr.com/photos/d70w7/5041186311/

C2100

5 October 2010

[quote roverfan1984]I dont see why the current one needs replacing anyway to be honest, its a perfect practical small car which does everything it says on the tin, & doesnt pretend to do anything else.[/quote]

I had a Panda Sporting, which apart from white stripes that looked slightly OTT, was a very good car. It had a 1.3JTD engine, which gave it a fine turn of speed and excellent economy. The new one should be worth a look, whenever it arrives. Fiat's line-up is quite good at the moment and the present Panda offsets the 500 which is becoming slightly pricey. It feels the same to drive too. Now they've stopped offering a big model, they seems to have a decent range which sells, which should mean they'll generate sufficient cash to pay for the re-badging of the Chrysler models that they're bringing to Europe, although I doubt the Italians will accept them as Lancias.

5 October 2010

[quote roverfan1984]I dont see why the current one needs replacing anyway[/quote]

It is 6 years old and will be 8 by the time it is replaced, and in its current form I don't believe it has had a mid-life facelift (I may be wrong) unlike the Punto, or most other cars that have been around that long or close to that long eg: current Focus, 3-series, Clio.

If Fiat gave it a fresh interior and marketed it like they've done the Punto Evo, it'd sell well until it was ultimately replaced...whenever that is.

5 October 2010

[quote Autocar]Fiat has delayed the launch of the third-generation Panda following CEO Sergio Marchionne's latest investment freeze. The new Panda will now not be launched until 2012, according to Automotive News Europe.[/quote]

Damm it!!! I was just about to go and put a deposit down on one too!!

5 October 2010

[quote roverfan1984]I dont see why the current one needs replacing anyway to be honest, its a perfect practical small car which does everything it says on the tin, & doesnt pretend to do anything else.[/quote]

Ditto

For the cost of developing a new one, why bother? Simply provide a tasteful, mild facelift to the existing one (please, no botch-up like the Punto Evo), provide some updates on the engines; the 1.2 FIRE is still 60bhp in the Panda, whilst 70 bhp in the mechanically similar 500, likewise the 500 is soon to have the 0.9 Twin air - surely the Panda could have this as well?!

The interior shows excellent packaging (amazing space inside for the external dimensions). Only thing would be to provide more airbags as standard (like the 500) to improve crash test results. The current car is good to drive (almost fun), lightweight, economical, cheap and practical. When you compare it to the 500, the only thing it lacks is styling (although it is smart, in a utilitarian kind of way), option lists and some of the updated engines and equipment.

My main concern is if a new model comes out (rather than a facelifted model), pedestrian crash protection will probably cause the new model to be longer at the front and, for improved occupancy comfort, probably longer, taller, wider and heavier, thus losing some of what I see as its core appeal.

Noticed that Fiat UK recently reduced the colour palette and options list for the Panda - hopefully they reinstate it again following this anouncement.

5 October 2010

[quote pl1988@yahoo.com]Could it be that the Chrysler buy out is impacting finances![/quote]

Fiat didn't pay any money for their small share Of Chrysler. Its more of a technology sharing thing than anything else. Fiat get all of Chryslers big car tech, and Chrysler get Fiats small car tech. There was no money exchanged.

5 October 2010

Fiat are short of cash.

6 October 2010

[quote highland tourer]For the cost of developing a new one, why bother? Simply provide a tasteful, mild facelift to the existing one (please, no botch-up like the Punto Evo), provide some updates on the engines;[/quote]

I agree it is a car that has aged well it could last another 6 years iff they want but definatly make it safer even iff they just strentened the safety beams in the car with a stronger steel . How long was the last one out it was at least 12 years was it not .

6 October 2010

[quote highland tourer] the 1.2 FIRE is still 60bhp in the Panda, whilst 70 bhp in the mechanically similar 500[/quote] In Italy the old engine has just been change with the 70 bhp, with more power and less CO2. I think it's coming in other countries quickly...

Pages

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week