UPDATE 1-GM CEO says no change in Fiat Auto stake-paper

Newswire

(Adds background) MILAN, Oct 23 (Reuters) - General Motors has not decided to change its now-diluted stake in Fiat's auto unit but is focused on squeezing more out of joint ventures, GM's CEO said in comments published on Thursday. GM bought 20 percent of Fiat Auto in 2000 but its stake was diluted to 10 percent earlier this year when the U.S. giant refused to put forward its share of a five billion euro ($5.88 billion) recapitalisation of the loss-mired unit. In an interview with Il ...

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