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 Sigma power and torque of . According to Chrysler, this made it the most powerful four-cylinder engine sold in Australia at the time. On 28 April 1980, Chrysler unveiled the GH Sigma in Brisbane. Then on 30 April, Mitsubishi Corporation and Mitsubishi Motors jointly acquired Chrysler's remaining 65 percent share of Chrysler Australia (bringing the dual Mitsubishi ownership to 98.9 percent). On 1 October 1980, the GH range was rebadged from Chrysler Sigma to Mitsubishi Sigma, due to the renaming of Chrysler Australia to Mitsubishi Motors Australia (MMAL) following the buy-out. Released to the market on 12 May, the GH series