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
American Motors Corporation featured the AMC emblem. During its history, American Motors bought or created, then later sold and divested itself of several specialized divisions, some which continue to exist today: "Kelvinator", the subdivision of Nash-Kelvinator, was sold by American Motors in 1968 to White Consolidated Industries and subsequently became part of Electrolux. The Kelvinator Company is still in business. "Jeep" is now a brand of the Chrysler Group. Many Jeep models retained the mechanical specifications and styling cues that were developed by AMC well into the 1990s or even into the first decade of the 2000s. "AM General" is now owned by