Fiat eyes JLR technology

Sergio Marchionne, Fiat's chief executive has told Britan's Sunday Times that he hopes the Tatas would emerge successful in acquiring Jaguar and Land Rover, reports CNBC-TV18.

Marchionne says Fiat's close association with Tata would make it possible for Fiat to share some of Jaguar's technology.

He said it is Jaguar's rear-wheel drive chassis platforms and Land Rover's four-wheel drive systems that are of interest. The first application would be a new flagship model for Alfa Romeo.

In other news -- Fiat is also open to expanding its relationship with the Tatas in Europe. Fiat says it is "looking at the possibilities" for the European distribution of Tata Nano.