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 Sigma Chrysler Sigma The Chrysler Sigma is a version of the Mitsubishi Galant automobile that was built by Chrysler Australia in Adelaide, South Australia from 1977. When Mitsubishi Motors Australia (MMAL) took over Chrysler Australia's manufacturing facilities in 1980, they renamed the vehicle the Mitsubishi Sigma. The range was progressively discontinued and replaced by the Mitsubishi Magna, starting with the sedan in 1985 and the wagon in 1987. Chrysler launched the GE series Sigma in October 1977 to replace the outgoing GD Galant. Assembly occurred at the Tonsley Park, Adelaide plant. The GE series Sigma was the first to introduce the