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 billion controlling stake in Nissan in March 1999. In contrast to the AMC/Renault partnership, Carlos Ghosn, CEO and President of Renault of France and Nissan of Japan, is guiding the Renault–Nissan Alliance away from national identities. Similarly, Mitsubishi Motors, which established a joint venture agreement in 1970 with Chrysler that expanded in 1985 to a 50-50 joint corporation for producing passenger cars in the United States Diamond-Star Motors until 1993 when Chrysler sold off its stock holdings of Mitsubishi Motors Corporation became controlled by Nissan in 2016 and thus a part of the Renault–Nissan–Mitsubishi Alliance. American Motors was forced to