New Fiat 124 Spider to be based on Mazda MX-5 Miata - Autoweek

Fiat had originally planned to offer a version of the Mazda-based roadster under the Alfa Romeo badge, though later decided against that course of action as executives felt that the car needed to be developed wholly by Alfa Romeo in order to carry... But a new Fiat 124 Spider would give Fiat dealers in the States a greater variety of vehicles to offer. Source: autoweek.com