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,
General Motors Egypt General Motors Egypt General Motors Egypt S.A.E. (, or short GME) is a car and motor vehicle manufacturer based in Maadi, Cairo, Egypt. The company's car factory is located in the 6th of October City and is one of the direct neighbors of the Egyptian German Automotive Company. Despite its name, the company is not a part of the General Motors Company, but only a joint venture with the local importer and car dealer Al-Monsour Automotive Company. Al-Monsour is the largest shareholder and with more than 1,000 workers the official owner and operator of the plant. After eight years of