Mazda shares will be sold to Fiat

TOKYO - Fiat confirmed, this cooperation only increase both sales and want to explore Asian automotive market. To buy shares, Fiat was not interested.

 In April, Takashi Tamanouchi harsh criticism from shareholders Mazda. The shareholders were assessed, there was substantial losses and has not reported the results of global sales in the first quarter of 2012.
 
Many news mentions that the Mazda shares will be sold to a number of automotive manufacturers including Fiat. However, it turns out Fiat did not have plans to buy shares in Mazda.
 
"We have no plans to buy stake in Mazda," said According to Fiat Chairman John Elkann, at the annual meeting of holders of separation, as quoted Inautonews, Thursday (05/31/2012).
 
In expanding the network, the Fiat only wanted to work with the American car manufacturer. Fiat chose cooperation with the Jeep and Alfa Romeo as the two global brands to help achieve the purpose of selling 6 million units by 2015.
 
But on the other hand, Fiat and Mazda are conducting joint float the new roadster from Mazda and Alfa Romeo with a rear-wheel drive system.
 
According to Fiat, a deal with Mazda's latest move to increase its presence in Asia. Fiat and Mazda have also agreed to discuss other opportunities for cooperation in Europe and other emerging markets.