GM says no longer interested in Fiat's Fidis

Newswire

FRANKFURT, Aug 22 (Reuters) - U.S. car giant General Motors Corp is no longer interested in buying a majority stake in the customer financing arm of partner Fiat , a spokesman for GM Europe said on Thursday. "We are no longer pursuing that transaction," the spokesman said. GM, which owns 20 percent of Fiat's carmaking arm Fiat Auto, had first refusal on a 51 percent stake in Fidis which Fiat is selling as part of a debt-slashing drive. Fiat's creditor banks, including Capitalia , ...

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