Fiat Chairman John Elkann says his company has no plans to purchase a stake in Mazda, according to Reuters. Instead, the Italian automaker will focus its efforts on increasing its share of Chrysler to more than 60 percent. Right now, Fiat owns 58.5 percent of Chrysler, though the European company has made it clear that at some point in the future, it would like that figure to be closer to 100 percent.

Fiat and Mazda recently announced a plan to partner on the development of a new convertible sports car platform that will serve as the basis for both the next-generation Mazda MX-5 Miata and a new Alfa Romeo model. That partnership led analysts to speculate on a potential investment deal between Mazda and Chrysler. Both companies have dismissed the notion.

Even so, it's worth pointing out that Fiat has no interest in investing in Mazda right now. The company has its hands full with the European economic crisis and nursing Chrysler back to health, but there's nothing saying that once those two issues cool down Fiat wouldn't revisit the idea of a Japanese partner if the roadster partnership goes smoothly. Mazda could certainly use the cash, and we're betting that Fiat wouldn't mind injecting a bit of the Japanese automaker's dynamic prowess and Skyactiv knowhow into its products.


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  • 14 Comments
      Bogie
      • 2 Years Ago
      I wouldn't have guessed at any purchasing stakes at the moment, but there's so many partnerships bouncing around over the past several years. They end up sharing aspects such as platforms or powertrains. Mazda was mixed in with Ford not too long ago, Chrysler, Hyundai, and Mitsubishi not that long ago, and Chrysler was mixed in with Nissan. Just t name a few. So, if you own a stake, it makes it easier to continue to co-developing or merging technologies; thus saving money. Overall I'd say it just helps the automakers develop better products.
      Ken Arnold II
      • 2 Years Ago
      Soo basically if you buy a Chrysler, your really buyin a Fiat.
        Randy
        • 2 Years Ago
        @Ken Arnold II
        Yeah! But the are "Imported from Detroit"
      lasertekk
      • 2 Years Ago
      ...and we're betting that Fiat wouldn't mind injecting a bit of the Japanese automaker's dynamic prowess and Skyactiv knowhow into its products. Oh please, it's the other way around. Mazda wouldn't mind adding some Italian engineering prowess in the the form of MultiAir technology into its products. Mazda could only dream of having the powertrain resources that Fiat currently holds under its umbrella (Fiat Powertrain, Ferrari, Maserati, Alfa Romeo, Iveco, Abarth, Lancia, the whole of Chrysler, etc.). Get real.
        NightFlight
        • 2 Years Ago
        @lasertekk
        Get real? Skyactiv technologies have been a huge hit with everyone who's reviewed it. Why the Mazda hate?
          quuppa70
          • 2 Years Ago
          @NightFlight
          its just marketing with nice name, it has nothing special
          lasertekk
          • 2 Years Ago
          @NightFlight
          No Mazda hate, just a little real world honesty---They just don't need anyone else's tech. They have their needs currently covered, whether it's small engine tech, alt fuels, diesels, or high horsepower. And currently, they have a nice side business of providing engines to other auto manufacturers.
        Hello Suckers
        • 2 Years Ago
        @lasertekk
        Excellent comment!
      dankoehler2000
      • 2 Years Ago
      That reality is Fiat has no money to buy a stake in Mazda. Fiat has been in debt for years, and that's also why they couldn't buy Ducati.
        quuppa70
        • 2 Years Ago
        @dankoehler2000
        Fiat has 21.4 billion of available liquidity
      Randy
      • 2 Years Ago
      Given that Italy is having financial woes! I think now is a good time for Fiat to chill out on acquisitions of all kinds, bank money and prepare for any financial storms that may arise in the Eurozone! Otherwise they could over extend and if a global recession hits the government which would "bail them out" would be the one needing bailout so I'd stay put for now!
      aatbloke1967
      • 2 Years Ago
      "Fiat and Mazda recently announced a plan to partner on the development of a new convertible sports car platform that will serve as the basis for both the next-generation Mazda MX-5 Miata and a new Alfa Romeo model. That partnership led analysts to speculate on a potential investment deal between Mazda and Chrysler. Both companies have dismissed the notion." Why would suggest speculation exist? Fiat never announced any plans to buy shareholdings in Ford, Suzuki, GM, or indeed any other manufacturer it has existing JVs with.
      guyverfanboy
      • 2 Years Ago
      I would lIke see closer ties between the two down the line. Skyactiv tech would be very useful in V6's and V8's!
      jacob smith
      • 2 Years Ago
      i wish my fiat 500 had Skyactiv in it
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