UPDATE 1-Fiat strikes deal to hire ex-Ford executive-report

Newswire

(Updates with Ford no comment, background) MILAN, Aug 25 (Reuters) - Martin Leach, who quit as head of Ford Europe this month, has reached a preliminary agreement to take over as CEO of Fiat's car division, industry publication Automotive News reported on Monday. Automotive News, quoting industry sources, said on its Web site that Fiat was negotiating with Ford to release Leach from a non-compete clause in his Ford contract which is believed to last for six months. Fiat declined to ...

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