According to multiple reports Cerberus Capital Management LP has escalated its efforts to sell Chrysler LLC to General Motors although details of the proposed deal are sketchy and conflicting.

In a story by The Wall Street Journal, GM executives were said to be working for a concluded arrangement by month's end while Reuters was reporting that Chrysler might be broken up between Renault SA and GM.

Both stories cited sources that wished to remain anonymous and Renault has issued a statement denying that it is part of any negotiations.

J.P. Morgan Chase and Co. is encouraging the deal between Chrysler and GM according to the Journal since J.P. Morgan holds the largest amount of Chrysler debt and is also GM's bank.

The article went on to describe GM's analysis of potential cost cuts in the wake of such a deal with a figure of $10 billion in savings being mentioned. If such a merger were to take place, GM would then have access to approximately $11 billion in Chrysler cash.

Reactions to the proposed merger, according to the Journal, have been mixed with union opposition likely. Industry experts are skeptical about the long-term utility of the arrangement and some members of the GM board have reputedly given the deal a "cool reception."