Fiat SpA sells its 5% stake in General Motors Corp. for $1.2 billion as the company tries to cut its debt levels. The Italian industrial conglomerate also loses its "investment grade" credit status from Moody’s Investors Service, an indication the ratings agency may be losing faith in Fiat’s ability to return to profitability. The sale of the GM stake provides Fiat with a much-needed cash infusion to help lower its debt and fund future product development programs. The shares were sold ...

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