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 Airflite up behind the rear seats to create a raised cargo area. Major styling cues from the Airflite eventually made it into the 2007 Chrysler Sebring sedan. Airflite is a variation of Airflyte, which described the functional styling and monocoque construction of a car made by Nash Motors (a company that merged with Hudson Motors to form American Motors (AMC), which was acquired by Chrysler in 1987). The Nash "Airflyte" was introduced in 1949, featuring a roomy interior and an advanced design. Unusual for the time, its aerodynamic shape was developed in a wind tunnel to reduce the car's drag coefficient,