Fiat Chairman John Elkann says his company has no plans to purchase a stake in Mazda, according to Reuters. Instead, the Italian automaker will focus its efforts on increasing its share of Chrysler to more than 60 percent. Right now, Fiat owns 58.5 percent of Chrysler, though the European company has made it clear that at some point in the future, it would like that figure to be closer to 100 percent. Fiat and Mazda recently announced a plan to partner on the development of a new convertible sports car platform that will serve as the basis for both the next-generation Mazda MX-5 Miata and a new Alfa Romeo model.
Autoblog, Fiat says it has 'no plans' to take Mazda stake
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