28.10.2003
Fiat and GM announce agreements relating to their strategic alliance

Fiat S.p.A. and GM announced certain agreements relating to their ongoing strategic alliance.

The first agreement shifts the put period by one year, from January 24, 2004 to July 24, 2009 of the Master Agreement, to January 24, 2005 to July 24, 2010. The second agreement precludes the parties from initiating legal proceedings relating to the Master Agreement until December 15, 2004, while preserving their respective rights.

GM and Fiat continue to believe that the joint ventures between Fiat Auto and GM are working well, generating synergies, and that both parties would like to see expanded cooperation.