UPDATE 2-Fiat, GM agree to delay Fiat Auto option by 1 yr

Newswire

(Adds background, CEO Morchio, changes dateline from ROME) By Jane Barrett MILAN, Italy, Oct 26 (Reuters) - An option allowing Italy's Fiat to force General Motors to buy its loss-making car unit has been put back a year while the two groups settle a disagreement over whether it is still valid, they said on Sunday. Top Fiat managers have regularly said they have no intention of selling Fiat Auto but the "put" option is key to the group's debt ratings and value, while it is an on-going ...

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