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 Australia Chrysler Australia Chrysler Australia, officially FCA Australia, is the importer of Chrysler, Jeep, Dodge, Alfa Romeo and Fiat vehicles for sale in the Australian marketplace. However, there had previously been a "Chrysler Australia Ltd" which had operated as a vehicle manufacturer in Australia from 1951 until 1980, and was subsequently taken over by Mitsubishi Motors Australia. Chrysler Australia Ltd was established in June 1951 when the Chrysler Corporation acquired Chrysler Dodge Distributors (Holdings) Pty Ltd, a company which had been formed in 1935 by 18 independent distributors. During the 1950s and 1960s, Chrysler made a substantial investment in Australian manufacturing