AUTOSHOW-GM won't subscribe to Fiat Auto cap hike-GM CFO

Newswire

PARIS, Sept 23 (Reuters) - General Motors Corp. will not subscribe to a 5-billion-euro capital increase by money-losing Fiat Auto , the U.S. automaker's chief financial officer said on Thursday. "We are not going to invest and we didn't plan to invest," John Devine said on the sidelines of the Paris Auto show. "This is not an issue for us." GM bought 20 percent of Fiat Auto in 2000 but was diluted to 10 percent last year when Fiat decided to recapitalise the 105-year-old carmaker to the ...

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