Fiat says no deal with GM, mediation next
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Fiat (FIA) and General Motors (GM) will move to mediation after executives failed to reach agreement over the Italian company&#39;s option to compel GM to buy its troubled auto division.
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Fiat's board is due to meet on Sunday, a  source close to the Italian carmaker said, as speculation  mounted that it could sign a 1.5-billion-euro ($1.93 billion)  deal to settle a lengthy row with U.S. partner General Motors.
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Fiat and General Motors (GM) have agreed to begin a period of mediation to resolve the future of the Italian conglomerate&#39;s loss-making auto group.
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General Motors Corp., Renault SA and Nissan Motor Co on Wednesday said they had broken off talks over a proposed alliance between the three automakers.
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NEW YORK/DETROIT  - General Motors Corp. is in preliminary talks to buy Chrysler, the struggling U.S. arm of DaimlerChrysler AG, or to strike a strategic alliance with the rival automaker, sources familiar with the situation said on Friday.
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Executives from General Motors Corp. were meeting with their Fiat SpA counterparts Tuesday for talks likely to focus on the possible sale of the Italian giant's auto business.
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(Teleborsa) - Roma, 15 dic - Giornata negativa a Piazza Affari per il titolo Fiat, dopo il guadagno di oltre il 3% della vigilia sulle attese di un accordo con Gm relativo alla put option. Le azioni della
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Fiat&#39;s chief executive, Sergio Marchionne, yesterday pressed Rick Wagoner, General Motors chairman, to take over the struggling Italian group at secret talks.
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General Motors Corp. ended talks aimed at teaming with Carlos Ghosn's Renault SA and Nissan Motor Co. because of a dispute over GM's demand to be compensated for taking part in an alliance.
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Italian group Fiat has until midnight on Tuesday 1 February to settle a contested agreement to sell itself to US car giant GM.
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NEW YORK/DETROIT  - General Motors Corp. is in preliminary talks to buy Chrysler, the struggling U.S. arm of DaimlerChrysler AG, a source familiar with the situation said on Friday.
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The Italian government will not inject capital in Fiat SpA to help the struggling carmaker, Italy's labor minister was quoted as saying Saturday.
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Fiat chairman Luca di Montezemolo brushes off media speculation that the carmaker wants to scrap its partnership with General Motors.
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Some of Fiat&#39;s auto workers struck for two hours Monday, a day ahead of a top-executive meeting that could determine whether Fiat SpA insists on an option to force General Motors Corp.
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MILANO - Le azioni Fiat salgono in Borsa (+1,32%) dopo le voci di una clamorosa richiesta di risarcimento di 3 miliardi di dollari (2,25 miliardi di euro) nei confronti di General Motors (GM), in cambio della rinuncia ad esercitare il Â«put Â», ovvero la
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Fiat (FIA.MI: Quote, Profile, Research) does not plan to delay any further a contested option allowing it to sell car unit Fiat Auto to partner General Motors Corp
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Fiat refrained from exercising an option to sell its car unit to General Motors when it came due on Monday, saying it would wait at least until the end of talks to settle a spat over the put's validity.