UPDATE 1-Fiat signs deal to sell cars through GM in Mexico

Newswire

(Releads with Mexico deal) TURIN, May 19 (Reuters) - Fiat will drive into the Mexican market later this year under a deal to sell its cars through a new network managed by U.S. partner General Motors . In a statement released on Monday, loss-making Fiat said it expected to sell up to about 20,000 units a year in Mexico and hailed the agreement as a further strengthening of its three-year alliance with GM. GM owns 20 percent of Fiat Auto, which posted a record operating loss of 1.3 ...

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