GM and Fiat end dispute
Monday, 14 February 2005
General Motors and Fiat have ended their stand-off after the US car giant agreed to pay £1.

07bn to terminate the two companies' joint venture agreements. The deal means that GM will not be forced to buy the Italian firm's car manufacturing division under the put option agreed in 2000. According to press reports, the agreement, which follows weeks of wrangling between the two firms, was struck in New York on Saturday, 12 February.
Comments (0)add comment
feedShow/Hide comments

Write comment
hide/showShow/Hide comment form
smaller | bigger

security image
Write the displayed characters


busy
 

Latest Jobs

Registered in England & Wales. Company no. 1993193. VAT no. 853914212. Regd Office: Media House, Azalea Drive, Swanley, Kent BR8 8HU | Tel: +44(0) 1322 660070