Fiat CEO Sergio Marchionne confirms new Panda will arrive after lifting spending freeze
2 February 2010

Fiat will launch a new Panda in 2011 after CEO Sergio Marchionne lifted a 15 month spending freeze.

Marchionne’s spending 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, Marchionne said launching any major new models last year in the middle of the global financial downturn would have been a “waste”.

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

Fiat’s investment in 2009 was 32 per cent lower than 2008’s. In 2008 it stood at 4.97 billion euro (£4.34bn) and will be 4.5bn (£3.93bn) this year.

The Alfa Giulietta will be launched at Geneva next month, a year later than originally planned. The Panda will be launched in 2011 tow years later than originally planned.

Marchionne has also revealed plans to extend Lancia’s European range by four models in 2011. Rebadged versions of Chrysler’s Sebring saloon and cabriolet, 300C and Voyager will all be added to the Lancia range.

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Fiat Panda

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

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Comments
17

2 February 2010

Oh. I really like the current Panda. It makes so much more sense than the 500. Lets hope the replacement keeps the simple sturdy theme and doesnt grow bigger.

I dont know why they dont just keep the current Panda going, its safe & cheap & still looks fresh & up to date. They should just market it more, bring out some special editions, new funky colours, maybe refresh the interior, & fit this long-promised new 2-cylinder engine they have been going on about for years. James May drives one- why not pay him to star in an ad campaign? I think theres plenty of life in the little Panda yet!

currently a happy owner of a Mitsubishi Shogun Pinin :)

2 February 2010

[quote Autocar]In a telephone conference with financial analysts, Marchionne said launching any major new models last year in the middle of the global financial downturn would have been a “waste”.[/quote] What will sticking a Lancia badge on a Chrysler 300C achieve? Nothing. That too is a complete waste. Come on, this the firm that built the Aurelia, Fulvia, and my favourite the Flavia coupe. What will we get now? Vulgarity made sweeter by a badge?

2 February 2010

[quote roverfan1984]Oh. I really like the current Panda. It makes so much more sense than the 500. [/quote]

While I absolutely agree I bet the 500 makes a lot more money per unit than the Panda. I have always loved the Panda - simple and sturdy as you say and surprisingly fun to drive as well.

And the May idea is a good one as he is the 'credible' one in that team

2 February 2010

The Panda is a great 5 door small car, nice to drive too

Don't spoil it with the new one...

2 February 2010

I love the current Panda and FIAT are excellent at these small cars so the new Panda could be even better than this one. Lets hope so

2 February 2010

[quote pabs]FIAT are excellent at these small cars[/quote]

As long as it stays a small car.

Where has all Japanese design went to?

2 February 2010

Bit of a worry rebadging Chryslers as Lancia's though. I like the Italian American angle, but Lancia should be making great cars, not redecorating someone elses mediocre ones.

2 February 2010

Strange that, in a/the recession small cars sold brilliantly - including the Panda. I'm not 100% sure freezing the development of the Panda will work in their favour as surely getting out an even more competitive model to take on the i10 should be important?

Anonymous

2 February 2010

[quote roverfan1984]Oh. I really like the current Panda. It makes so much more sense than the 500. Lets hope the replacement keeps the simple sturdy theme and doesnt grow bigger.[/quote]

[quote roverfan1984]fit this long-promised new 2-cylinder engine they have been going on about for years.[/quote]

Totally agree. Five years and 60k miles in my Panda Multijet and it's very difficult to fault - hopefully they won't make the next one too cutesy in an attempt to cash in on the 500's success. In fact, all I really want is the slightly higher-powered 1.3 Multijet engine and 100hp looks :-)

As for Lancia re-badging the Chrysler Sebring - hasn't that been one of the most critically panned cars of recent years? Lets hope the work goes more than skin deep.

2 February 2010

lets hope they spend some money on the suspension as the ride on the Panda and all of its derivatives (500 etc) is shocking.

Great little car that has less give in its supension than a mid '60's Mini

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