Breaking: Mazda and Fiat Announce Cooperation Deal

Industry News

The hopeful beginning of many good things to come from both automakers.

Ever since Ford sold off their 20 percent stake in Mazda back in 2008, the Japanese automaker has been having money problems. Being attached to a major automaker allowed tiny Mazda to share the costs of developing new cars, which is insanely expensive. This arrangement worked great for Mazda, but when Ford refinanced before the recession, they had to ditch their Japanese partner.

Since then, Mazda has been doing a good job on their own developing their SkyActiv gasoline and diesel engines and transmissions. Still, the money hasn't exactly been pouring in. Fortunately, this has a potential happy ending. Mazda has just announced today that they have signed a non-binding memorandum of understanding with Fiat for the development and manufacturing of a new roadster for both themselves and Alfa Romeo based on their next-generation MX-5 rear-wheel-drive architecture. More than likely, both cars will be built at Mazda's Hiroshima plant with the goal of having the Alfa-badged car begin production in 2015.

You Might Also Like
10 Awesome New Car Features Of 2018
10 Awesome New Car Features Of 2018
Let's Talk About The Nurburgring Lap Time Obsession
Let's Talk About The Nurburgring Lap Time Obsession

This agreement is great for both companies because it shows that Fiat is serious about expanding Alfa Romeo on a global scale and Mazda will benefit from having direct access to a large automaker again. As for the new Alfa model itself, it will share the next MX-5's basic underpinnings, but will have different exterior and interior styling as well as its own engine. Don't mistake this for the upcoming Alfa Romeo 4C, which is set to arrive in 2014; this new unnamed model will likely be smaller and more affordable. Alfa Romeo photos are of the 2uettottanta Concept by Pininfarina

This Twin-Turbo Dodge Demon Has 1,400 HP And A Carbon Fiber Body

And it will debut at SEMA next month.

Ford Shifts Marketing Focus To Keep Customers From Leaving

Some customers are upset over the decision to kill off sedans and hatchbacks.

Ford Mustang Splits In Half In Illegal Street Race

This is the best example of dumb luck you'll ever see.

The World's Weirdest Wheel Designs

Sometimes the most basic customization tool goes drastically wrong...

Jaguar XE 300 Sport And XE SV Project 8 Create Modern Art

Two vastly different sports sedans that share a common thread.

LEAKED: Ford Mustang Shelby GT500 Revealed At Private Event

This is the first pic we have seen of the supercharged range-topper

All-New Revolutionary Mazda3 Teased Ahead Of LA Reveal

Along with its game-changing sparkless ignition engine.

WatchThe Extraordinary Nissan GT-R50 Being Built By Hand

It’s all about bending sheet metal the old-fashioned way.

Here's How Aerodynamics Make The Lamborghini Aventador SVJ So Much Faster

Take a behind the scenes look at this amazing system.