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General Motors to pay $2 billion to end Fiat deal
Posted: 02/23/2005 15:31 GMT-08
Author: AIDAN LEWIS - Associated Press
http://www.buffalonews.com/editoria...
ROME - General Motors Corp. agreed Sunday to pay Fiat SpA $2 billion to resolve a contract dispute, allowing the U.S. carmaker to divest its stake in Fiat's troubled auto unit and revise the companies' business relationship. The agreement dissolves a five-year partnership between Fiat and GM, but does not entail a complete separation, they said. Click link for full story.


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