Mazda, Fiat working on two-seater convertibleMay 23, 2012 - 13:08 AMT PanARMENIAN.Net - Mazda Motor Corp. and Fiat SpA are working together on developing and manufacturing a roadster, or two-seater convertible, although the automakers will come up with different, distinctly styled models. The deal with Fiat of Italy, which controls U.S. automaker Chrysler, serves as a perk for a money-losing Mazda, and highlights the Japanese automaker's trademark product - the best-selling roadster of all time. According to the Associated Press, both sides said in a release Wednesday they had signed an agreement to work together, but each manufacturer will use its own engine and styling. They declined to give details, but said their cooperation on Fiat's Alpha Romeo model and Mazda model will be based on Mazda's "next-generation MX-5 rear-wheel-drive architecture." "Establishing technology and product development alliances is one of Mazda's corporate objectives, and this announcement with Fiat is an important first step in that direction," said Mazda President Takashi Yamanouchi. Fiat Chief Executive Sergio Marchionne said working with Mazda was part of an effort to grow into "a truly global brand," and deliver "an exciting and stylish roadster in the Alfa Romeo tradition." Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |