History of Chrysler GMAC for Chrysler, potentially merging two of Detroit's "Big Three" automakers. These talks did not come to fruition, and were discontinued the next month. On October 24, 2008, Chrysler announced a 25% cut (5,000 jobs) in its salaried and contract workforce in November 2008. Michigan Gov. Jennifer Granholm announced that she, along with 5 other governors, sent a letter to Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke requesting emergency funding for the Detroit Big Three Automakers. On the same day, General Motors asked the Treasury Department of the United States for $10 billion to help restructure both
Chrysler Airflite up behind the rear seats to create a raised cargo area. Major styling cues from the Airflite eventually made it into the 2007 Chrysler Sebring sedan. Airflite is a variation of Airflyte, which described the functional styling and monocoque construction of a car made by Nash Motors (a company that merged with Hudson Motors to form American Motors (AMC), which was acquired by Chrysler in 1987). The Nash "Airflyte" was introduced in 1949, featuring a roomy interior and an advanced design. Unusual for the time, its aerodynamic shape was developed in a wind tunnel to reduce the car's drag coefficient,