Blog: Dave LeggettFiat buys time

Dave Leggett | 27 October 2003

So what does the latest news about Fiat's put option regarding Fiat Auto mean? Well it buys time for Fiat to get going on its recovery plan and it also means that GM and Fiat can try and resolve the dispute about whether or not the put option is still actually valid. No more pressing legal uncertainties in the one-year breathing period. In the best case scenario, Fiat Auto looks a lot healthier financially next year, the JVs between GM and Fiat Auto go from strength to strength and Fiat Auto starts to look a lot more attractive to GM. With Fiat Auto potentially worth a lot more than it is now, maybe Fiat will be keener on selling.

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