Mazda considering tie-up with Fiat SpA
Last Updated at
- 12:32 pm, May 23, 2012
The company is due to make some announcement today, not sure is rated to Fiat tie-up.
Mazda Motor Corp is considering a tie-up with Fiat SpA, as the company posted its fourth straight year of losses. The Japanese carmaker is looking for a new strategic partner after ending its association with Ford Motors. Although, there are no details available regarding the tie-up, the news is that the deal won’t involve any capital exchange.
Mazda is due to make some announcements today; not sure if the same is on this development. There is no confirmation from Fiat on this front. Mazda is the fifth largest carmaker is Japan, but has been severely impacted over last few years due to rising Yen, as 80 per cent of their production is in Japan. The companies will share development costs for products, safety regulations and also the rumours suggest that Mazda will supply MX-5/Roadster to Fiat to be retailed under Alfa Romeo. The partners would explore other possibilities for cooperation, including sharing Mazda's fuel-efficient engines and its expertise in vehicle weight reduction.
Fiat has been looking for a strategic Asian partner for a while, and there are also speculations about tie-up with Suzuki.
First Published on 12:32 pm, May 23, 2012
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