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Fiat and Tata has reportedly stepped away from a tieup in the Indian market that saw Fiats being built in India, using engines shared with Tata and Maruti models, and being sold through Tata dealers. Neither company commented, but according to analysts, the issue was that in addition to Tata was simply too busy with its other endeavors, especially Jaguar Land Rover, to attend to the Fiat deal. Sales of the joint-venture vehicles have declined by more than 20 percent year-on-year.

Of all the major international auto shows on the calendar each year, the Bologna Motor Show may not rank among the most important. But it is vital for the Fiat Group, whose numerous brands make up more than just one lion's share of the Italian auto industry. As such, it's not a show for Fiat to take lightly, and this year, it's coming with a whole mess of new debuts.