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Marchionne Said to Mull Alternatives as GM Deal Chance Fades

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Fiat Chrysler Automobiles NV Chief Executive Officer Sergio Marchionne is looking at other automakers as merger candidates as the chances of striking a friendly deal with General Motors Co. dwindle, said people familiar with the matter.

Marchionne has been working with an advisory firm to gauge investor interest in pushing for a combination of FCA and GM and is also looking at other candidates due to the Detroit carmaker’s lack of interest. He and his advisers are eyeing other large automakers as “Plan Bs” and considering France’s PSA Peugeot Citroen as a fallback option, said two of the people, who asked not to be identified because the matter is private.