Fiat may delay use of Auto division put -Fitch


LONDON, June 26 (Reuters) - Fiat's recovery plan may mean the firm is less likely to exercise quickly a put option to sell its remaining 80 percent stake in Fiat Auto to General Motors , an official at Fitch Ratings said on Thursday. The credit rating agency has said in previous statements that the put option supports the company's ratings, currently BB+ with a negative outlook. "It looks like Fiat are trying to restructure the auto division in the medium- to long-term by themselves, ...

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