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Fiat eclipses GM in valueBy James Mackintosh Published: December 15 2005 02:00 | Last updated: December 15 2005 02:00The market value of Italy's Fiat, long regarded as the basket case of the European motor industry, has passed General Motors, the world's biggest carmaker by number of vehicles sold, for the first time on record.The shift demonstrates both the scale of the crisis at GM and the rapid return of investor confidence in Fiat. Just two-and-a-half years ago GM was worth more than seven times as much as Fiat and was expected to buy the Italian company's carmaking division. But Fiat is now worth €10.7bn, or $12.87bn, against GM's $12.67bn.Fonte: Financial Times