DETROIT — General Motor Corp.'s strategy of buying non-controlling interests in other car companies is not an indication that GM won't seek management control, says John Casesa, managing director at Merrill Lynch. As with Fiat SpA, GM also recently purchased a 20% stake in Fuji Heavy Industries Ltd. “These companies can't be bought outright,” Casesa says. “This is a step toward full acquisition.” The No.1 automaker right now is in a transitional structure, he says, establishing what ...
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