GM pays to evade Fiat buyout
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US carmaker GM agrees a $2bn price-tag with Fiat to get out of a deal which could have forced it to buy the Italian firm.
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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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The Pension Benefit Guaranty Corp.  will not hold General Motors Acceptance Corp. buyers liable for  General Motors'  employee benefit plans, clearing a  hurdle in the sale of the auto maker's finance arm, according  to a GM regulatory filing on Thursday.
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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 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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Fiat kept up the pressure on General  Motors Corp. before a key meeting between the two carmakers 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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General Motors Corp., the world's biggest automaker, has pledged to avoid plant closures and forced layoffs in Europe as it seeks to return its money-losing European operations to profitability, worker representatives said Wednesday.
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General Motors offers consumers chance to lock in today's rates, but there's this five-year clause.
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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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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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Fiat SpA faced the challenge of managing its troubled auto division on its own Monday &#151; but it will have the help of &#36;2 billion from General Motors Corp. to be paid in a deal that releases the U.S. auto giant from the obligation of buying Fiat's car unit.
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General Motors Corp.  Chief Executive Rick Wagoner declined on Tuesday to say whether the world's largest automaker would bid for struggling rival Chrysler Group, but said the escalating costs facing the industry favored more alliances and mergers.
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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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Renault SA and Nissan Motor Co. probably won't buy an equity stake in General Motors Corp. , according to people familiar with the companies' discussions about an alliance.
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Financial terms of the agreement between GM, the world&#39;s largest automaker, and its German-American rival weren&#39;t disclosed yesterday, but Tom Stephens, GM&#39;s group vice
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The company behind the automaker Fiat will pay $563 million for 67.5 percent of Cushman & Wakefield in a move to further diversify from the automotive industry.
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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.