Could Fiat be considering a partnership with Volvo?

Fiat CEO Sergio Marchionne says he would be open to forming a strategic alliance with Volvo. Fiat is seeking at least one more partner to share the burden of new car development.

"I'm interested in talking to everyone that wants to talk to me," Marchionne said of a possible tie-up with Volvo.

Volvo - now under the leadership of China's Geely - has recently developed a new range of four-cylinder engines and a scalable mid-size vehicle platform, but still lacks in the small vehicle segments. A Volvo-Fiat partnership could fill that void, while Fiat could benefit from Volvo's drivetrain technology.

"We are open for partners," Volvo CEO Stefan Jacoby told Autocar. "We are open for collaboration in a win-win situation for sharing platforms, for sharing engines and for a general higher scale of economics."

Fiat has also reportedly held talks with Mazda and Suzuki about possible powertrain tie-ups.