  We give the N=2 gauged supergravity interpretation of a generic D=4, N=2
theory as it comes from generalized Scherk-Schwarz reduction of D=5, N=2
(ungauged) supergravity. We focus on the geometric aspects of the D=4 data such
as the general form of the scalar potential and masses in terms of the gauging
of a ``flat group''. Higgs and super-Higgs mechanism are discussed in some
detail.
