Fiat Chrysler Automobiles CEO Sergio Marchionne is reportedly eyeing a merger with other automakers following a rejection from General Motors.

While the executive is still working with an advisory firm to gauge investor interest in an FCA and GM merger, Bloomberg says Marchionne is now considering other automakers as "Plan B."  There's no word on specifics but two sources identified PSA Peugeot Citroen as one of the companies under consideration.

Volkswagen is also another possibility but a deal seems unlikely as the German automaker usually takes over brands and the Agnelli family doesn't plan on selling their stake in FCA.

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