SANTA BARBARA, CA – Chief Financial Officer John Devine says General Motors Corp. still is determining the extent of the write-down of its 20% stake in struggling Fiat Auto SpA. GM paid $2.4 billion in July 2000 for the equity interest. But the auto maker indicated during its second quarter earnings report that it plans to take a significant write-down of its investment. “There’s nothing really new on that,” Devine says. “We’re going through the evaluation process. We’ll tell you more ...
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