UPDATE 3-Fiat eyes compensation if GM refuses Auto option


(Releads with Agnelli on compensation) By Jane Barrett MILAN, Oct 27 (Reuters) - Fiat could seek compensation if General Motors does not accept an option allowing the Italian industrial group to force GM to buy out its carmaker, Chairman Umberto Agnelli said on Monday. GM has argued that a "put" option allowing Fiat to foist its share of Fiat Auto on to the U.S. giant has been rendered void by steps the Italian firm has taken to pull the 104-year-old car unit out of its worst ever ...

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