On this day in 1993: the TVR Chimaera shows MG's new B the door, Asian royals spend billions, and we look into Fiat's huge success
and Rolls-Royce were kept afloat during their financially difficult years pretty much entirely by huge orders from the royals. After the 1997 Asian financial crash, lots of their property was seized and sold. In 2002, a dealer visited to assess some potential buys.
He found an enormous compound with around 2500 exotics, mostly never driven. Since the cash had run out, many hadn’t been maintained, just left to rot in the jungle climate, so “were simply beyond saving”. And that wasn’t even the whole collection. We may never know the truth about the Bruneian cars. But we are certain it couldn’t be a more vulgar story of greed and waste.Fiat expanded its family of small cars to four with the all-new Punto joining the Cinquecento as more expensive alternatives to the ageing Uno and Panda. The Giugiaro-penned hatch was better packaged than the Uno and even the larger new Seat Ibiza.
Seven four-cylinder engines came from Fiat’s long-proven Fire range, spanning 1.1-1.7 litres and 55-92bhp, plus we expected 130bhp Turbo and 150bhp Abarth versions. The Punto would emulate the Uno in winning European Car of the Year and sales success. It bowed out in its third era, but happily Fiat will soon launch a spiritual electric successor.
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