Fiat Auto SpA and its equity alliance partner General Motors Corp. will use their last civil avenue to decide the legitimacy of a “put option” in their pact that allows Fiat to force GM to acquire the 90% of Fiat Auto it doesn’t own. After a lengthy meeting between GM Chairman Rick Wagoner and Fiat SpA CEO Sergio Marchionne, the two leaders were unable to reach an agreement over how to proceed with their cooperation and whether the put option was valid. Failure to reach an understanding ...

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