UPDATE 3-Fiat gives talks a chance before exercising GM put

Newswire

(Adds Welfare Minister, analyst comment) By Jane Barrett MILAN, Jan 24 (Reuters) - Fiat refrained from exercising an option to sell its car unit to General Motors when it came due on Monday, saying it would wait at least until the end of talks to settle a spat over the put's validity. Fiat and GM said a mediation process to sort out the dispute over the put option would end on Feb. 1 and Fiat said it would hold off on pulling the trigger until Feb. 2 at the earliest. The pause ...

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