More or less.
In fact, the chassis set up was heavily based on the Brazilian 147 ( 127)...
[ame="http://en.wikipedia.org/wiki/Fiat_Palio"]Fiat Palio - Wikipedia, the free encyclopedia@@AMEPARAM@@<title>Fiat Palio - Wikipedia, the free encyclopedia</title>@@AMEPARAM@@Fiat Palio[/ame]