The Panorama was built in Brazil and released in March 1980 as one of the first small station wagons to be produced there.

Some time later, there were Chevrolet Marajó (end of 1980) and Volkswagen Parati (1982).

The length was the smaller of all Brazilian wagons (3924 mm/154 in) but the internal space was equivalent to the bigger ones.

In order to create more room space, the spare tire was placed along with the engine, as in 147.

The light weight allowed a small fuel consumption either of gasoline or alcohol.