Fiat and GM agree over sale delay

Fiat and GM have agreed to delay the “put option”, whereby GM would be obliged to buy the remaining four-fifths of Fiat Auto. The two companies have agreed not to start any legal proceedings before mid-December 2004 and to continue to talk in the meantime to resolve their differences. Under the original option, the sale of Fiat could have taken place as early as January next year.