GM CEO says Fiat Auto price would depend on market

Newswire

MILAN, June 26 (Reuters) - If Italy's Fiat decides to exercise an option to sell its auto unit to General Motors Corp in 2004 the price would depend on market conditions, GM's chief executive said in comments published on Wednesday. In an interview with newspaper Il Sole 24 Ore, GM's CEO Rick Wagoner reiterated that GM and Fiat had not discussed whether or not the struggling Italian industrial group intended to sell loss-making Fiat Auto and "won't discuss it for a good while". GM bought ...

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