Fiat says it has "no plans" to take Mazda stake
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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