23 May 2012, after losing it’s former supporter, Ford, Mazda is now desperate for help from a bigger car maker.  In steps Fiat.

Fiat already owns most Italian brands, like Alfa Romeo, Ferrari and Mazarati, and they’re majority owner of Chrysler.

NHK reporting that a deal between Mazda and Fiat would see the two seat Mazda roadster (known as Miata in the U.S.) being equipped with a Fiat engine and sold as an Alfa Romeo.

Mazda and Fiat would work together to produce more fuel efficient engines, and Fiat could incorporate Mazda technology into its Fiat 500 mini car.

Back in March, Mazda reported their fourth straight year of huge losses!