TURIN (dpa-AFX) - Japanese automaker Mazda Motor Corp. is in talks with Italian carmaker Fiat SpA (FIATY.PK) for a possible business tie-up, Japanese public broadcaster NHK reported.
Mazda is said to provide its 2-seat roadster to Fiat. The Italian firm will market it under its Alfa Romeo sports car brand.
The two companies may also team up on environment-friendly technologies, such as Mazda's fuel-efficient engine.
Mazda's products include mini vans, compact vehicles, sports cars, station wagons, as well as automobile accessories, including car navigation systems, automobile audio systems and side monitors.
Fiat is the world's 7th-largest carmaker and has a majority stake in US automaker Chrysler LLC.
Mazda has been going through a difficult path and is aiming for expansion outside the domestic market. For Fiat, the deal will help launch lightweight vehicles using Mazda's technologies.
Mazda is currently up 2.80 percent in Tokyo at 110 yen.
Fiat closed at 3.87 euros, up 6.38 percent, on 36.75 million shares.
Copyright RTT News/dpa-AFX