01.09.2005 The countdown to the official debut of the 'Grande Punto' - a model which is set  give new, crucial momentum to Fiat Auto - is underway in earnest

The countdown to the official debut of the 'Grande Punto' - a model which is set  give new, crucial momentum to Fiat Auto's recovery plans - is underway in earnest. The new model's international debut will take place from 6th to 9th September at the Palavela indoor stadium in Turin ( a facility built in 1961, and recently refurbished for the 2006 XX Torino Winter Games).

The official presentation, on 6th September, will be attended by around 800 journalists from all over Europe, following a reception which will be held the previous evening. Highly innovative 3D technology has been chosen for the Grande Punto's debut: the largest projection system ever built will feed onto a 128 sq. metre screen. The cutting-edge technology employs a "3 eyeliner video projection", which exploits a mathematical calculation to project 3D shapes through a foil film, less than 0.1mm in thickness, and onto a 2D surface. All this apparently will give the illusion of a 3D image without the viewer having to wear special 3-D lens. This sophisticated system will then interact with a spectacular artistic exhibition.

SERGIO MARCHIONNE - "Q2 MARKET REACTIONS WERE EXCESSIVE"

"The second quarter results, when Fiat hit rock bottom, were excessive, then analysts started to see estimates in relation to the group and obviously stocks were influenced," said Fiat Group CEO Sergio Marchionne in reply to journalists who questioned him over Fiat's recent startling developments on the stockmarkets in recent weeks.

Fiat "is a company that believes in its future" was the positive comment made by Italian Minister Claudio Scajola after a meeting today with the top management of the Fiat Group, based in Turin.
 

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The countdown to the official debut of the 'Grande Punto' to the press on 6th September, a model which is set  give new, crucial momentum to Fiat Auto, is underway in earnest

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The Fiat Grande Punto's international debut will take place at the Palavela indoor stadium in Turin - a facility built in 1961, and recently refurbished for the 2006  Torino  Winter  Games


"I had a working breakfast today with Vice-President Elkann and managing director Marchionne, I've seen their projects, their models and their perspectives," continued Minister Scajola, before adding, "I believe we can be rather optimistic, since there is a strong participation for a great revival of Fiat".

"We are certainly satisfied with this," concluded Scajola, "and we will make sure that such revival will take place, since Fiat is the biggest company in Italy and it strongly contributes to the success of our Country."
 

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Reporting: Agenzia Giornalistica Italia / Palavela Photo: Agenzia Torino 2006 / © 2005 Interfuture Media/Italiaspeed