Clock Ticks in Fiat-GM Row
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Fiat and General Motors run into the final hours of a long dispute on Tuesday with investors betting GM will pay Fiat to drop an option to sell its car division to its U.S. partner.
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NEW YORK, December 15  - Fiat and General Motors (XGM.NYS) failed to settle the dispute over the partnership agreement made in 2000 at their meeting held in Zurich yesterday.
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SATURDAY AUTO RACING 1 p.m. - Rolex Sports Car Series: Rolex 24 (start of race), Ch. 25
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It's a Topsy-Turvy world and that's a fact US plans to change daylight saving hours this spring could wreak havoc on computer systems, Gartner claims. The analyst firm said utomated systems could run haywire this March.â¦
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SAN FRANCISCO - Daylight-saving time begins Sunday, three weeks sooner than usual. Time to spin the dial on the kitchen clock - and to brace for computer problems. The early start wasn't programmed into many electronic devices. That's created plenty of work for Luis Rodriguez, a software director at IBM, and David Woelfle, an enterprise architect at Electronic Data Systems. The two tech experts have helped dozens of companies update computer systems for the change.
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Fiat kept up the pressure on General  Motors Corp. before a key meeting on Tuesday, saying the U.S.  group would not be able to shut down the Italian carmaker if it  ends up having to buy it.
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TOMORROW AUTO RACING 11 a.m. -- Nextel Cup: Sylvania 300 final practice, Speed 1:30 p.m. -- Craftsman Truck Series: New Hampshire 200, Speed
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The United Auto Workers union has set an 11 a.m. ET strike deadline for its 73,000 members at General Motors, although talks between the union and the company are still ongoing. The company said in a statement that it was still hopeful of avoiding a shutdown.
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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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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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ROME -- General Motors Corp. agreed yesterday to pay Fiat SpA $2 billion to resolve a contract dispute, allowing the US carmaker to divest its stake in Fiat's troubled auto unit and revise the companies' business relationship.
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Fiat will meet car giant GM on Tuesday in an attempt to reach agreement over the future of the Italian firm's loss-making auto group.
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A last-minute scramble is on inside many companies as IT workers race to update systems so they can handle the earlier-than-usual start of daylight-saving time on March 11.
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The heads of Fiat SpA and General Motors  Corp. will meet face to face in a last-ditch attempt to avoid  litigation over whether the Italian group still has the right  to sell its loss-mired carmaking arm to GM.
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MILAN  - Top officials from Fiat of Italy and General Motors were conferring in a bid to settle differences on Fiat&#39;s option to sell its loss-making car operation to the US auto giant, a dispute that threatens their four-year-old collaboration.
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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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The United Auto Workers union and General Motors Corp. remained locked in negotiations late on Friday as the largest U.S. automaker headed toward a midnight deadline to either clinch a deal or face a possible strike.