History of Chrysler stake in the firm. Financial performance improved and Chrysler was generating a significant part of Daimler-Chrysler's profits from 2004 to 2005, as the other subsidiary, Mercedes-Benz, incurred costs for restructuring. By 2005, Chrysler was said to be the healthiest of the Detroit Three automakers (compared to General Motors and Ford Motor Company). As a result of Zetsche's apparent success in a turnaround of Chrysler, Juergen Schrempp, the CEO of parent company Daimler-Chrysler, was pressured to retire early. Zetsche was elevated to CEO of Daimler-Chrysler on January 1, 2006, and Thomas W. LaSorda became President and CEO of Chrysler Group. However,
Chrysler Europe in the former Chrysler Europe factories. The Ryton plant was closed down in 2006, but the Poissy plant remains in use. Chrysler UK had several plants in Coventry, including the Ryton assembly plant, the Stoke Aldermoor engine plant, the design, engineering and development site at Whitley and Hills Precision, the plastics factory in Canterbury Street, as well as the vehicle manufacturing plant at Linwood in Scotland. Confused branding resulted from trying to concurrently sell the mismatched pairing of the Simca and Rootes product families, contrasting heavily with the fortunes of arch rivals Ford and General Motors - who had both