Fiat May Build Mazdas, Looks to Expand Stake in Chrysler

By Matthew Askari | May 25, 2012
Fiat and Mazda recently announced a partnership, and Fiat is taking it a step further by announcing that the Italian automaker is open to building Mazdas at its plants. Fiat and Chrysler boss Sergio Marchionne said the automakers are "totally open," and added the automakers will continue to explore the possibilities, which could include building Mazdas with available capacity. "I would be open to building Mazdas anywhere in the world where we have capacity, including Chrysler plants." Marchionne believes that to be viable in the future, the sharing of technology and production will be an integral step. While Mazda's North American operations remain profitable, the Japanese automaker lost 1.3 billion dollars globally in the last fiscal year. Mazda and Fiat have announced plans to work together in building a two-seat roadster in Japan. Both automakers have built reputations on just such a car, with Fiat's Alfa Romeo Spider, and Mazda's success with the MX-5 Miata. While speaking about the possibilities with Mazda, Fiat CEO Marchionne also said the company would likely expand its stake in Chrysler. As part of his philosophy for efficient production, Marchionne would eventually like to merge the two companies into one global company capable of selling six million cars and trucks by 2015.
Source: Detroit Free Press, Reuters