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,
History of Chrysler On September 28, 1957, Chrysler had announced the production of electronic fuel injection (EFI) to be available as an option on some of its new 1958 car models (Chrysler 300D, Dodge D500, DeSoto Adventurer, Plymouth Golden Commando V-8) that resulted with approximately 35 total installations. Chrysler used the same all-transistor modulator "Electrojector" fuel injection system from Bendix Corporation that was withdrawn from public sale of the 1957 Rambler Rebel by American Motors because the system could not be made reliable. Owners of EFI Chryslers were so dissatisfied that all but one were retrofitted with carburetors, while that one has been