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Fiat CEO Sergio Marchionne has expressed his
desire to use Jaguar and Land Rover
technology should Tata's bid to buy the two
firms from Ford prove successful claim
weekend media reports. |
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Fiat CEO
Sergio Marchionne has expressed his desire to make use
of Jaguar and Land Rover platform technology should
Tata's on-going bid to buy the two firms from Ford prove
successful claim weekend media reports.
Tata Motors
is Fiat Group's closest external strategic partner with
a range of joint ventures already in place including
vehicle and component production as well as purchasing
and technology sharing. Tata Motors and Fiat have just
inaugurated a joint factory in India which will shortly
being producing the Linea and Grande Punto models
alongside the currently built Palio. The two also have a
joint dealer network in India.
Tata Motors
is also expected to seal the purchase of Ford's Jaguar
and Land Rover brands in the very near future after
being named 'preferred bidder' last month ahead of its
two rival suitors: fellow Indian vehicle manufacturer
Mahindra and Mahindra and the private equity firm One
Equity.
It has been
widely rumoured that Fiat Group will evaluate platforms
and technology used by Jaguar and Land Rover if Tata's
bid is successful, but it was believed that the real
interest to Fiat centred on the two brand's United
States distribution and dealer network, which would be a
perfect fit for Alfa Romeo's planned stateside
re-launch.
English
media sources yesterday quoted Fiat CEO Sergio
Marchionne, who had previously expressed a brief look at
acquiring the two brands, as having a interest in using
the technology. The Sunday Times quoted
Marchionne as saying that 'Fiat’s close association with
Tata would make it possible to share Jaguar’s rear-wheel
drive chassis platforms and Land Rover’s four-wheel
drive systems. The first application would be a new
flagship model for Alfa Romeo.'
That new
flagship model (Project 941), which has been dubbed by
the media as the "Alfa 169", is due to be launched late
next year and will be specifically targeted at the US
market re-entry. This luxurious saloon is expected to be
around 4.9 metres long and will be designed to meet the
forthcoming stringent 6-star EuroNCAP crash test
criteria. Developed in-house at Alfa Romeo Centro Stile,
the design team have been evaluating a wide range of
transmission options including rear wheel drive and
transaxle (automatic gearbox), classic RWD and AWD. The
most favoured option thus far has been to mount the car
on an adapted Maserati Quattroporte platform.
The Engish
newspaper added that Marchionne was also open to
expanding the relationship with Tata to Europe, and
would 'look at the possibilities' to bring the new ultra
low cost (£1,200) Tata Nano model, that was unveiled to
worldwide attention at the 9th New Delhi Auto Expo last
month, to the region.
However Tata
Motors has responded swiftly and cautiously to the
weekend media reports. This morning it issued a
statement denying any talks have so far taken place with Fiat
regarding Jaguar and Land Rover technology: "Tata Motors, which is
engaged in focused and detailed negotiations with Ford
on the Jaguar Land Rover business, clarifies that the
company has had no discussions with Fiat on deployment
of technologies developed by Jaguar and Land Rover,"
read the statement. The India firm also stated that it
expects negotiations with Ford to prove successful: "Tata
Motors is pleased by the progress in the discussions
with Ford to date and hopes that both the parties can
reach an agreement in the forthcoming weeks," it added.
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