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 ...

Premium Content (PAID Subscription Required)

"AUTOSHOW-GM won't subscribe to Fiat Auto cap hike-GM CFO" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×