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,
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