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 Canada General Motors Canada General Motors of Canada Company (), commonly known as GM Canada, is the Canadian subsidiary of General Motors. It is headquartered at the Canadian Regional Engineering Centre in Oshawa, Ontario, Canada. In the aftermath of the 2008 financial crisis, GM Canada received a combined loan commitment of C$3 billion of financial assistance from the federal and provincial governments amid declining sales. McLaughlin Motor Car Company was founded in 1907. Samuel McLaughlin and William C. Durant, respectively the biggest carriage builders in Canada and the United States, contracted for Durant's Buick to supply McLaughlin with power trains for