Daimler Benz AG
| Public company | |
| Industry |
Automotive, Military |
| Fate | Reincorporated following purchase of Chrysler Corporation |
| Successor | DaimlerChrysler (1998-2007) Daimler AG (2007-present) |
| Founded | 1926 |
| Defunct | 1998 |
| Headquarters | Stuttgart, Germany |
|
Key people
|
Karl Benz, Gottlieb Daimler |
| Products |
Motor vehicles, internal combustion engines, military technology and equipment |
| Divisions | Mercedes-Benz |
| Website | www |
Daimler-Benz AG (German pronunciation: [ˈdaɪ̯mlɐ ˈbɛnt͡s]) was a German manufacturer of automobiles, motor vehicles, and internal combustion engines; founded in 1926. An Agreement of Mutual Interest - which was valid until 2000 - was signed on 1 May 1924 between Karl Benz's Benz & Cie., and Daimler Motoren Gesellschaft, which had been founded by Gottlieb Daimler and Wilhelm Maybach. Daimler had died in 1900, and Maybach had left in 1907.
Both companies continued to manufacture their separate automobile and internal combustion engine marques until, on 28 June 1926, when Benz & Cie. and Daimler Motoren Gesellschaft formally merged - becoming Daimler-Benz AG (Aktiengesellschaft) - and agreed that thereafter, all of the factories would use the brand name of "Mercedes-Benz" on their automobiles. The inclusion of the name Mercedes in the new brand name honored the most important model series of DMG automobiles, the Mercedes series, which were designed and built by Wilhelm Maybach. They derived their name from a 1900 engine named after the daughter of Emil Jellinek. Jellinek became one of DMG's directors in 1900, ordered a small number of motor racing cars built to his specifications by Maybach, stipulated that the engine must be named Daimler-Mercedes, and made the new automobile famous through motorsports. That race car later became known as the Mercedes 35 hp. The first of the series of production models bearing the name, Mercedes, had been produced by DMG in 1902. Jellinek left the DMG board of directors in 1909.
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Wikipedia