UPDATE 1-Delay in GM sale option buys time for Fiat Auto

Newswire

(Adds quotes from credit analysts, details) By Jane Barrett MILAN, Oct 27 (Reuters) - A one-year delay in Fiat's option to sell its struggling car unit to General Motors will give it time to boost Fiat Auto's value but does not change the group's outlook, analysts said on Monday. Late on Sunday Fiat and GM said the "put" option would now start in January 2005. In the meantime they would try to settle a wrangle over whether the put was still valid after Fiat recapitalised Fiat Auto and ...

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