GENEVA -- General Motors CEO Rick Wagoner said Tuesday that the company still was considering new ways of cooperating with Italian partner Fiat, though there was no agreement to change anything at the moment.
"We talk to them (Fiat) regularly about a number of subjects ... but there is no agreement to change anything at this point," Wagoner told journalists at the Geneva auto show.
Fiat posted a record loss Friday and unveiled plans to shore up the finances of its Fiat Auto core car arm with a 5 billion-euro recapitalization, but questions immediately arose about what part its partner GM would play.
Fiat, which has the option to sell GM the remaining 80 percent of Fiat Auto it does not own from 2004, has reportedly asked GM to put in 2 billion euros in cash. But GM has not obliged.
"We have made no decision and no commitment to add capital to Fiat at this time," Wagoner told Reuters.
When asked if Fiat's recapitalization would dilute GM's stake in Fiat Auto, Wagoner said it depended on how it was done and that details had not been decided.
"The game is all in the execution (of the plan)," he said, adding, "I think they see some early signs of progress."