Struggling Italian auto maker Fiat SpA has agreed to sell the aluminum automotive components arm of its Teksid division for €460 million ($452.7 million) in an effort to lower its debt. Teksid’s aluminum division, which produces aluminum cylinder heads, engine blocks and suspension components for DaimlerChrysler AG, Ford Motor Co., General Motors Corp. and Volkswagen AG, among others, will be acquired by a group of private equity firms led by Questor Management Co. and J.P. Morgan ...

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