GENEVA -- Fiat's chief executive reiterated on Tuesday the automaker was keeping all its options open in the search for industrial allies, after it dissolved a 5-year partnership General Motors last month.
GM paid Fiat $2 billion in February to annul a put option that could have forced it to buy loss-mired Fiat Auto, where the Italian group is trying to slash costs.
"Now the field is completely open. After having solved the problems with GM, the future is ours," Sergio Marchionne, CEO of the Fiat group and the car division, told reporters on the sidelines of the Geneva car show.
He added Fiat Auto would keep control of its underperforming Alfa Romeo brand, though it will have closer ties with Maserati.
In February, Fiat split Maserati from the Ferrari racing unit to link it more closely with sporty Alfa Romeo, in what was seen as the first step towards a Ferrari stock listing.
Marchionne confirmed there were no plans for a Ferrari stock market debut in 2005.
"We'll take one year at a time. Now we're trying to finish this one in peace," he told reporters.
Separately, Fiat Partecipazioni said on Tuesday it had agreed to sell nine properties, eight in Turin, to real estate firm Beni Stabili for 204 million euros ($269 million).
Fiat initially sold the properties in 1998, then bought them back through a call option.