UPDATE 1-GM says no longer interested in Fiat's Fidis

Newswire

(Adds shares, background from paragraph four) FRANKFURT, Aug 22 (Reuters) - The world's biggest car company General Motors Corp is no longer interested in buying a majority stake in the customer financing arm of partner Fiat , a spokesman for GM Europe said on Thursday. GM, which owns 20 percent of Fiat's carmaking arm Fiat Auto, had first refusal on a 51 percent stake in financing unit Fidis, which Fiat is selling as part of a debt-cutting drive. Fiat's creditor banks have said if no ...

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