Fiat's Struggle May End in Settlement
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With postponed deadlines and secret meetings, Fiat SpA and General Motors Corp. have kept everyone guessing about whether the Italian group will exercise an option forcing the U.S. carmaker to buy its troubled auto division.
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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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TURIN, Italy  - Fiat shares and bonds rallied on  Monday after the Italian group won a $2 billion settlement with  General Motors, avoiding a long court case but also increasing  the pressure to revive its car arm.
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Italian industrial group Fiat is to wait until at least February 2 to exercise its right to sell the troubled Fiat Auto division to US giant General Motors.
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MILAN, Italy  - 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.
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Workers could be offered pay settlements lasting up to three years
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ROME, Feb. 13 -- General Motors Corp. agreed Sunday to pay Fiat SpA $2 billion to resolve a contract dispute, allowing the U.S. carmaker to divest its stake in Fiat's troubled auto unit and revise the companies' business relationship.
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The agreement is the most serious effort to end the fighting in Gaza, but it is not clear whether it will take effect and hold.
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MIAMI There&#39;s word of a tentative settlement in a case brought by Holocaust survivors against the US government for the plundering of a Nazi gold train in World War Two.
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Fiat and General Motors head for a  showdown this week as a one-year truce expires, opening the way  for them to go to court over whether Fiat can force the U.S.  group to buy its loss-mired car unit.
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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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The heads of General Motors Corp. and Italy&#39;s Fiat SpA are expected to meet in the next four weeks to try and resolve their dispute over whether Fiat can force GM to buy the ailing Fiat Auto subsidiary.
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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 (&#36;1.93 billion) deal to settle a lengthy row with U.S. partner General Motors.
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The Italian Fiat group can exercise from a disputed option to sell 90 percent of its fragile car making subsidiary to US giant General Motors, after months of still-unresolved wrangling and threats of legal action.
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General Motors said that it would pay Fiat $2 billion so that it would not be forced to take over Fiat's ailing auto business.
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ROME Fiat says no agreement was reached in a meeting with General Motors that was expected to focus on the possible sale of the Italian giant&#39;s auto business.
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This lucrative currency strategy may be coming to an end.