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
General Motors Egypt General Motors Egypt General Motors Egypt S.A.E. (, or short GME) is a car and motor vehicle manufacturer based in Maadi, Cairo, Egypt. The company's car factory is located in the 6th of October City and is one of the direct neighbors of the Egyptian German Automotive Company. Despite its name, the company is not a part of the General Motors Company, but only a joint venture with the local importer and car dealer Al-Monsour Automotive Company. Al-Monsour is the largest shareholder and with more than 1,000 workers the official owner and operator of the plant. After eight years of