WSJ: GM trying to raise money to buy Chrysler

The Wall Street Journal reported that General Motors has been trying to get financing to buy Chrysler, but has not yet been able to do so. The goal is reportedly to have a deal closed by November 4; reportedly, up to 40,000 jobs would be cut with total cost savings estimated at $10 billion. J.P. Morgan analysts apparently are including more power over the UAW as one of the cost savings of the deal.