Alfa Romeo is likely to join forces with Mazda, after 
						signing an MoU today, to build a new small roadster 
						which will be based around the underpinnings of the 
						next-generation Mazda MX-5 and contract manufactured in 
						Japan but with the Alfa Romeo Spider version however 
						expected to use the Italian firm's own engines.
						A statement issued today jointly 
						in Turin and Tokyo read: "Fiat Group Automobiles S.p.A. 
						(Fiat) and Mazda Motor Corporation (Mazda) have signed a 
						non-binding Memorandum of Understanding (MoU) for the 
						development and manufacturing of a new roadster for the 
						Mazda and Alfa Romeo marques based on Mazda’s 
						next-generation MX-5 rear-wheel-drive architecture."
						Mazda and Fiat Group 
						Automobiles have been linked together for sometime. The 
						Mazda MX-5 roadster has been a long running success 
						story for the Japanese carmaker since it was launched in 
						1989 and has gone through three generational facelifts. 
						Since parting ways with Ford, Mazda has been on the look 
						out for new future alliances, as has also been the long 
						running story with Fiat Group.
						"The study calls for both Fiat 
						and Mazda to develop two differentiated, distinctly 
						styled, iconic and brand-specific light weight, 
						roadsters featuring rear-wheel drive," the statement 
						continued. "The Alfa Romeo and Mazda variants will each 
						be powered by specific proprietary engines unique to 
						each brand," the press releases also claims. "The 
						project assumption is that both vehicles will be 
						manufactured at Mazda’s Hiroshima, Japan, plant with 
						production for Alfa Romeo envisaged starting in 2015," 
						the jointly issued statement added.
						"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. It is 
						especially exciting to be collaborating with such a 
						prestigious marque as Alfa Romeo on a new roadster based 
						on the next-generation MX-5, which is such an iconic 
						vehicle for Mazda and recognized as the best-selling 
						roadster of all time," said Takashi Yamanouchi, Mazda's 
						Representative Director and Chairman of the Board, 
						President and CEO.
						"This agreement clearly 
						demonstrates our commitment to Alfa Romeo and the 
						determination to grow it into a truly global brand. By 
						partnering with Mazda, we will be co-operating with the 
						recognized leader in compact rear-drive vehicle 
						architectures in order to deliver an exciting and 
						stylish roadster in the Alfa Romeo tradition. We are 
						appreciative of this collaboration with Mazda and look 
						forward to maintaining a fruitful and continuous 
						relationship," said Fiat CEO Sergio Marchionne.
						The Final Agreement is expected 
						be signed in the second-half of 2012. The statement adds 
						that: "Fiat and Mazda have also agreed to discuss 
						further opportunities for co-operation in Europe."