BMW and Fiat teaming up for new small car platform

Fiat wants to become the platform-sharing kings of Europe, and with deals with Tata, Suzuki, Ford, and PSA, the Italian automaker is well on its way. Fiat Group CEO Sergio Marchionne told Automotive News Europe that another cooperation would be announced tomorrow, but details were scarce. Suppliers in the know are saying that a new deal is imminent to share the next generation Punto platform with BMW. The platform would be used to underpin the third generation MINI, which would help keep BMW engineers out of the FWD business and cut costs for Fiat at the same time. Fiat has been trying to produce a competitor to the popular MINI Cooper, and now it appears the Italian automaker will be working with an even playing field when it comes to platforms.

[Source: Reuters]