Fiat says willing to discuss loan, waiting on GM


TURIN, June 26 (Reuters) - Fiat is willing to discuss revising the terms of a three billion-euro convertible bond offered last year by the group's creditor banks, Chief Executive Giuseppe Morchio said on Thursday. The banks -- led by Sanpaolo IMI , UniCredito , Intesa and Capitalia -- last year gave Fiat the loan but they are believed to be anxious to extend its deadline beyond 2005 to avoid having to buy Fiat shares. Morchio, presenting a new turnaround plan, also reiterated that ...

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