In announcing a strategic alliance and stock swap last week, General Motors Corp. and Fiat SpA vowed to remain competitors. That shouldn't be difficult judging by the overlap in their product segments, manufacturing footprint and world markets. The deal includes GM paying $2.4 billion for a 20% stake in Fiat's auto operations and the Italian industrial company acquiring 5.1% of GM common stock, making it GM's largest shareholder. Fiat has an option to sell its remaining 80% stake to GM at ...

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