DETROIT – Don’t expect Italian conglomerate Fiat SpA to use a "put option" agreement earlier than 2004 that would give GM full ownership of Fiat Auto SpA, GM CEO Rick Wagoner tells auto industry analysts gathered here for an investor relations event. When GM and Fiat formed a strategic alliance in early 2000 by swapping stock shares and setting up joint ventures, the agreement included an option for Fiat to sell its remaining 80% stake in its auto arm to GM – whether GM wants the business ...

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