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Christopher Bruce2012-05-30 19:44:27

Fiat Claims No Plans of Mazda Purchase

Fiat is hoping to own 100% of Chrysler in the future

When MazdaMazdaMazdaJapan, 1920 > present80 models
2325 photos
7 videos
announced its partnership with Alfa RomeoAlfa RomeoAlfa RomeoItaly, 1910 > present108 models
2257 photos
7 videos
for the next generation MiataMX-5Mazda MX-5Japan, 1989 > present4 series
79 versions
377 photos
4 videos
, the immediate speculation was that this is the first step toward a future Fiat/Mazda tie-up, but FiatFiatFiatItaly, 1899 > present159 models
4864 photos
35 videos
says no. 

Since being sold by Ford, Mazda needs a larger partner, and Fiat is lacking a Pacific partner. It seems like a perfect relationship. However, Fiat is saying that it has not plans to purchase any part of Mazda, and it will increase its stake in Chrysler to 60% in July, a 2.5% increase.

"We have no plan to buy a stake in Mazda," said Fiat Chairman John Elkann.

Eventually, Fiat plans to buy a 100% stake in Chrysler.

Fiat might not have plans to buy any part of Mazda now, but that could change in the future. Fiat can build high performance cars. After all they won FerrariFerrariFerrariItaly, 1947 > present233 models
5131 photos
37 videos
and MaseratiMaseratiMaseratiItaly, 1914 > present62 models
696 photos
7 videos
. They would not go seeking a partner unless they wanted to. Also, Mazda needing help is an open secret in the automotive industry. It seems odd that Fiat would partner with a company that is looking for partners if the thought was not in mind. 

Let Fiat and Mazda work together for a few years to build the Miata and its Alfa Romeo variant. If the relationship goes well and the two teams work well together, then we will see if Fiat has any interest. 

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FiatFiat

5 comments

authomobilia
I am not understanding the comment. FIAT has a long history of partnership, with Peugeot, Citroen, Suzuki, and did not buy any of them (yet ;-))
01.06.2012 @ 00:00
cabruce
This is a case though were Mazda is clearly looking for a partner, and Fiat would be a great fit.
01.06.2012 @ 13:14
authomobilia
Peugeot was looking too, they ended up with GM (after talks with Fiat). Great fit, I am not so sure, beside Asia where Fiat is not strong, they are direct competitors in Europe and North America
01.06.2012 @ 23:13
cabruce
Europe maybe, but I don't see Fiat and Mazda competing in the US. Sure, it and Chrysler are close, but Ford made it work with Mazda for ages. Besides, look at the alternative: either Mazda dies, it pa...
more
02.06.2012 @ 03:43
authomobilia
In a term of good sense, I'd agree, but I would think Fiat needs the little cash it is generating to complete purchasing 100% of Chrysler.
02.06.2012 @ 13:15
Anonymous

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