What is it?
The first car from the reborn Abarth brand.
In standard Abarth form it pumps out 155bhp at 5500rpm (redline 6500) with 152lb ft of torque at 5000 rpm. It'll cost around £16,000.
Splash out an extra £4000 and you can get a specially-appointed dealer to convert your car to Essesse (SS) spec, as tested here. That gives you 180bhp at 5750rpm, plus 200lb ft at 3000 rpm. With this, your Punto can hit 135mph, and sprint from 0-60mph in a shade under 7.5 seconds.
What's it like?
As far as we can tell from an early high-speed acquaintance on the billiard-table surfaces of the Balocco test track in nothern Italy, Fiat's execution looks immaculate.
Even the basic 1.4 litre, 155bhp turbo car fizzes around the track with a speed and precision that sits well with the revered Abarth scorpion badge that adorns the flanks.
It's the Essesse that really goes, though. Lowered some more, fitted with race seats and that 180bhp engine, it feels really fast and special.
Under the circumstances, Fiat's aim to sell 5000 cars and 2000 kits a year seems conservative.