It might be a slow seller, but the Fiat 124 Spider is still a "profitable business" for the Italian brand.
In an interview with Autocar, Fiat CEO Olivier François said the car remains in the black "only because of the joint venture" with Mazda.
The Fiat 124 Spider is built alongside the Mazda MX-5 in Japan. While the two cars share the same platform, interior and roof mechanism, the Fiat version features unique front and rear treatments. It's also powered by Fiat engines shipped in from Europe.
Above: The 124 Spider and its Mazda MX-5 sibling.
The Fiat boss stated the 124 Spider is "not what I’d call a pure, absolute Fiat" and "such a car may not be key to the future of the brand".
Last week François outlined the broad strokes of his latest revival plan for the Fiat brand, which centres around premium-priced models in the 500 range, and value-focused vehicles in the urban and small car classes.
The latest plan calls for Fiat to have "no big cars, no premium cars, no sporty cars".
The convertible's viability was thrown into question earlier this year when the automaker withdrew the entire 124 Spider range from the UK after saying it wasn't profitable to sell the car there. The 124 Spider remains on sale in Europe, North America and Australia.
Last year Fiat sold 7698 124 Spider convertibles in Europe. A further 3515 found homes in the US, and 153 in Australia.