Fiat creditor says GM ties must be worked out

Newswire

ROME, Feb 27 (Reuters) - Fiat's ties with partner General Motors must be worked out as soon as possible, Rainer Masera, chairman of Fiat shareholder and creditor bank Sanpaolo IMI said on Thursday. "We are in a negotiating phase. The relationship must be worked out pretty soon," Masera told reporters. Earlier this month top Fiat managers met with the company's leading four creditor banks to update them on discussions with GM, which owns 20 percent of Fiat Auto. Fiat has a "put" option ...

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