Quick history lesion, free of charge!
AMC was bought outright, by the Chrysler Corporation, and had never gone out of business. I guess your right wing source's failed to teach you that.
The Hudson Motor Car Company merged with
Nash-Kelvinator Corporation to form American Motors Corporation, later bought out by Chrysler.
When Chrysler was given a government loan in the late 70's, it was saved from collapsing, and re-payed the loans back earlier than expected, with interest[[thus giving the government a hefty return on investment).
Now, GM and Chrysler are poised to do the same, while preserving thousands of jobs, and all cons do is whine because the conservative media tells them to!