AM Online

GM and Fiat executives in sale talks

General Motors executives are said to be meeting with their Fiat counterparts today for talks likely to focus on the possible sale of the Italian giant's auto business.

Fiat chief executive Sergio Marchionne was expected to insist to GM chairman and chief executive Rick Wagoner that the U.S. company honor a "put option," part of a 2000 deal under which Fiat has the right to sell its car business to GM, as a deadline approaches.

Both companies are declining to comment.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.