
GM Seeks Outside Investors: Report
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
.
This article was written by a staff member of TheStreet.com.