Talk of a "put" option to acquire the 80% of troubled Fiat Auto it doesn’t already own is "overblown," Rick Wagoner, General Motors president and CEO, tells a half dozen journalists invited to meet with him on a far-ranging discussion at GM offices in New York recently. GM bought a 20% stake in Fiat in 2000 and since has set up a number of joint ventures that include powertrains, purchasing and shared platforms. As part of the initial deal, parent company Fiat SpA has an option to force GM ...

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