COMMENT: GM / Fiat: bigger fish to fry
General Motors has finally agreed to pay Fiat €1.55 billion ($US2billion) to avoid the compulsory purchase of Fiat Auto, the origins of which lay in a 'put' option agreed between the two companies five years ago. Understandably, GM was loath to purchase another loss making automobile manufacturer while its own European brands, which include Opel and Saab, have been unprofitable for some time.
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