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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| June 01, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TRANSPORTATION

Death puts Fiat future in doubt

Umberto Agnelli, who became chairman of Fiat after the death of his brother Giovanni 15 months ago, died of cancer Thursday. Who will lead the maker of Fiat and Ferrari cars is up in the air. Two of Giovanni's grandsons were groomed, but are still in their 20s. General Motors, which owns a 10% stake in Fiat, has the first right of refusal to buy the company starting in '05. Shares rose 2% to 7.06 on speculation the firm will be sold.

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