GM and Fiat

["Daniel Devaney" <ddevaney@domain.elided>]

The commentary (dated 12/17) entitled "GM May Find Fiat Burdensome" at
Bloomberg's website says in part:
"Starting in 2004, Turin-based Fiat -- whose auto subsidiary already is 20
percent owned by General Motors -- will have a five- year option to put the
remainder in the hands of the world's No. 1 automaker at a price to be set
by investment bankers. 
"Fiat's moves last week to prop up its sagging balance sheet with $3.1
billion in fresh capital suggest the company will exercise the option. Fiat
Automotive, with chronic financial losses, hasn't earned a profit since
1997."
The rest of the commentary is at:
http://www.bloomberg.com/feature/feature1008600523.html

Dan in Honolulu
---still looking for a Berlina or Super in paradise


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