GM and Fiat Mediation Process Ending

According to Reuters, "Fiat will not exercise an option to sell its car unit to General Motors for at least another nine days. This will give groups more time to settle a spat over its validity, the Italian group said on Monday." Forbes wrote, "Fiat made the announcement on the day mediation over its "put option" - through which Fiat has the right to sell its car business to GM - was due to end. Fiat said in a statement that it had put back the date "to wait for the conclusion of the process of mediation." The company said the put option is "an important instrument for Fiat, and is valid and can be exercised according to the terms agreed."" MarketWatch Murdok | Breaking eBusiness News Your source for investigative ebusiness reporting and breaking news.