Fiat CEO says spat over GM option no threat to JVs

Newswire

TURIN, Italy, Feb 27 (Reuters) - Fiat's chief executive said on Friday that a disagreement with General Motors Corp. over an option which it could force it to buy Fiat's auto business would not affect their joint ventures. Asked about media reports that Fiat could dissolve its joint venture with GM in powertrains in exchange for cancelling the put option, Giuseppe Morchio told reporters after a news conference: "It absolutely does not change our joint ventures from our point of view." ...

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