GM interest in buying Fiat Auto waning-Berlusconi

Newswire

ROME, Dec 30 (Reuters) - Italian Prime Minister Silvio Berlusconi said on Monday General Motors Corp.'s interest in buying Fiat's carmaking unit had declined. Fiat swapped 20 percent of Fiat Auto for a six percent stake in GM in 2000 and it has the option to sell the remaining 80 percent of its carmaking unit to the U.S. auto giant from 2004. Berlusconi said he hoped Italian investors would step in to help Fiat. "With the decline in General Motors' interest, the government hopes for an ...

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