General Motors

(GM) - Get Report

is seeking a sizeable investment from outside investors as a possible alternative to a deal with

Chrysler

, the

Financial Times

reports.

Such an investment would be along the lines of Warren Buffett's recent purchases of minority stakes in

General Electric

(GE) - Get Report

and

Goldman Sachs

(GS) - Get Report

, the newspaper reports.

One banker questioned the chances of GM finding an outside investor, the

Financial Times

reports.

It was reported Tuesday that Chrysler may join an existing manufacturing and development alliance between Japan's

Nissan

(NSANY)

and France's Renault.

However, a sale of the auto maker to General Motors(GM Quote - Cramer on GM - Stock Picks) is still the preferred path, according to the

Wall Street Journal

.

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This article was written by a staff member of TheStreet.com.