Complex sentence: Despite the launch of the slightly larger Grande Punto in 2005, the 1999 Punto is still in production and sold in many emerging markets in addition to the newer versions, and was launched for the first time in Chile in 2007.
Split into simpler sentences: Despite the launch of the slightly larger Grande Punto in 2005, the 1999 Punto remained in production and has been sold in many emerging markets in addition to the newer versions. It was launched for the first time in Chile in 2007.