Métallurgique were cars made by Société Anonyme L'Auto Métallurgique , Marchienne-au-Pont , Belgium , between 1898 and 1928. Before making cars, the company had made railway locomotives and rolling stock.
77-444: The first cars were 4.5 hp (3.4 kW) 2-cylinder models with chain drive. In 1900, the company switched to shaft drive. In 1905 an all-new range was introduced, resembling contemporary Daimlers , both designed by Ernst Lehmann, who come to Métallurgique from there in 1903. These cars, with pressed-steel chassis, live rear axle, shaft drive, high-tension ignition, and the option of dynamo-powered electric lighting, were to establish
154-655: A Relief Fund (one of the first worker insurance schemes) and began building separator blocks in all its plants. The following year, 1904, the whole operation moved to Untertürkheim. The last unit produced in Seelberg rolled out in the first weeks of 1905. At the outbreak of the First World War, in 1914, there was a rush to produce war supplies. In the autumn of 1915, DMG opened the Sindelfingen factory for military vehicles , aircraft engines, and even entire aircraft . After
231-530: A 50/50 joint venture with Geely . By unit sales, the Mercedes-Benz Group is the tenth-largest car manufacturer in the world; shipping two million passenger vehicles in 2021 and by revenue the seventh-largest car manufacturer worldwide in 2023. Also in 2023, the company was ranked 42nd in the Forbes Global 2000 . The group provides financial services through its Mercedes-Benz Mobility arm. The company
308-509: A German startup that has built an app for peer-to-peer-style carpooling, has invested in Storedot, Careem , Blacklane and FlixBus , and has acquired car2go and mytaxi (now Free Now ). Li Shufu of Chinese automobile manufacturer Geely took a 9.69% stake in the company, through Tenaciou3 Prospect Investment Limited, in February 2018, making it the company's largest single shareholder. Geely
385-431: A centre of the rapidly growing automobile industry. Daimler ran into financial problems because sales were not high enough and the licences didn't yield significant profit. An agreement was reached with industrialists Max Von Duttenhofer and Wilhelm Lorenz [ de ] , both of whom were also munitions manufacturers, along with the influential banker Kilian von Steiner , who owned an investment bank, to convert
462-470: A deal to sell its Here digital maps division to a consortium of three German automakers— BMW , Daimler AG, and Volkswagen Group , for €2.8 billion. This was seen as an indication that the automakers were interested in automated cars. In 2017, Daimler announced a series of acquisitions and partnerships with car startups focused on car sharing, in a move towards what it sees as the next generation of car ownership and usage. Part of its corporate strategy
539-575: A great fire. All the machinery and 93 finished Mercedes cars, a quarter of the annual production, were destroyed, together with a small museum with historical items like Daimler-Maybach's first ever motorcycle, the Reitwagen . Later that night a man broke into the factory and stole half the cars. He painted the words "Joe who?" on the side of them. The displaced workers received haven-salaries and additional bread rations. Neighboring businesses lent workshops, allowing production to continue. DMG created
616-465: A lower center of gravity". A small number would be produced for Jellinek under contract. This was the first true automobile designed by DMG , as opposed to a coach with an engine fitted into it. Blending the technical refinements of Maybach's new 4-cylinder engine, with a new chassis the automobile stunned the motorsport world of 1901. Jellinek had promised to purchase a large number of the race cars, (36 units for 550,000 Goldmark ), if he could also be
693-418: A marque of automobiles had been given by Gottlieb Daimler for use by other companies. It is or was used principally by Daimler Motor Company and Austro-Daimler later Steyr-Daimler-Puch but also, very briefly by Daimler Manufacturing Company and Panhard-Daimler , and others. The new company, Daimler-Benz, did not obtain consent to include Daimler in its brand name and used the name Mercedes to represent
770-399: A new carburetor . Following the withdrawal of Gottlieb Daimler and Maybach to their own business to concentrate on cars, the enterprise had been close to a crisis but stabilised itself, selling mobile and stationary engines through a number of retailers around the world, from New York City to Moscow. The first Daimler car, a singularly inelegant model, appeared in 1892, followed in 1895 by
847-562: A new works in the mountainous region to the south of Berlin. Its scope was initially limited to motorboat and marine engines. Later, it expanded into making trucks (1905) and fire trucks (1907). The region became a centre of the automobile industry, and other businesses moved in. Untertürkheim was an ideal location to site a large factory as it was close to both the Neckar river and the Stuttgart–Ulm railway . The local Mayor Eduard Fiechtner sold
SECTION 10
#1733085038053924-652: A re-badged Mercedes-Benz Sprinter van. In 2000, DaimlerChrysler acquired the Detroit Diesel Corporation and placed its on-highway division under Daimler Trucks North America. The off-highway division was placed under MTU Friedrichshafen to form MTU America. Detroit Diesel branding has been maintained by DTNA and MTU America. In 2005, MTU-Friedrichshafen was sold to the Swedish investment firm EQT Partners. That same year, DaimlerChrysler entered into an alliance with Mitsubishi Motors Corporation in an effort to reach
1001-474: A result even left DMG for a short period. Daimler's friend, Frederick Simms, persuaded the financiers to take Gottflieb Daimler and Wilhelm Maybach back into faltering DMG in early 1896. Their business was re-merged with DMG 's. Daimler was appointed General Inspector, Maybach chief Technical Director and Simms a director of DMG . In 1892, Maybach designed the Phönix , an inline two-cylinder engine fitted with
1078-506: A separate identity, merged ownership with that of BSA (munitions), and began producing military vehicles. It also dropped the word motor from its name. For over 65 years, The Daimler Company Limited produced a wide variety of premium quality vehicles including buses, ambulances, fire engines and some trucks but in particular medium-sized and large cars which were often very expensive. Their vehicles were distinguished by their finned exposed radiators, later by scalloped radiator shells. Until
1155-529: 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. The name of Daimler as
1232-589: A subsidiary company in Austria Edouard Sarazin began early negotiations to license Gottlieb Daimler's engines in France. After his death, his wife finally succeeded, helped by Émile Levassor and René Panhard (then a timber-machinery manufacturers) selling their first engine in 1887. Armand Peugeot , one of their clients, began fitting vehicles with Panhard & Levassor engines, and acquired Daimler 's licence from them. Peugeot focused, successfully, on
1309-507: A three pointed star, with each point indicating a different way). On 5 July 1887 Daimler purchased a property in Seelberg Hill (Cannstatt) previously owned by Zeitler & Missel who had used it as a precious metal foundry. The site covered 2,903 square meters, cost 30,200 Goldmark , and from it they produced engines for their successful Neckar motorboat. They also sold licences for others to make their engine products and Seelberg became
1386-424: A two-cylinder vis á vis and, in 1897, DMG's first front-engined model, a Phönix -engined four-seat open tourer. In 1900, Gottlieb Daimler died. Later DMG's successful Mercedes models based upon race cars designed by Wilhelm Maybach to the specifications of Emil Jellinek (who wanted a more modern and safer car, following the death of Willhelm Bauer in a Daimler racer) changed the board's outlook in favour of
1463-1084: Is a component of the Euro Stoxx 50 stock market index . The central company headquarters, the Mercedes-Benz offices, a car assembly plant, the Mercedes-Benz Museum and the Mercedes-Benz Arena are situated in the Mercedes-Benz complex in Stuttgart. The Mercedes-Benz Group origin is in an Agreement of Mutual Interest signed on 1 May 1924 between Benz & Cie. (founded in 1883 by Carl Benz ) and Daimler Motoren Gesellschaft (founded in 1890 by Gottlieb Daimler and Wilhelm Maybach ). Both companies continued to manufacture their separate automobile and internal combustion engine marques until 28 June 1926, when Benz & Cie. and Daimler-Motoren-Gesellschaft formally merged – becoming Daimler-Benz AG ( Aktiengesellschaft ) – and agreed that thereafter, all of
1540-733: Is already known from its ownership of Volvo Car Corporation . In September 2018, Daimler invested $ 155 million in US-based electric bus and its battery management technology manufacturer Proterra . In July 2019, BAIC Group purchased a 5% stake in Daimler, which is a reciprocal shareholder in BAIC 's Hong Kong listed subsidiary. In September 2019, Daimler announced that it would be "stopping its internal combustion engine development initiatives as part of its efforts to embrace electric vehicles ." In February 2020, Daimler partnered with Twelve to create
1617-565: Is available on the U.S. market as a panel van, crew bus and chassis in several variants with three lengths and roof heights, six-cylinder diesel or gasoline engines. The Sprinter has been assembled and sold in the United States since 2001. The Mercedes-Benz Group sells automobiles under the following brands worldwide: Share Now - Now part of Stellantis The Mercedes-Benz Group has a worldwide network of production plants and research centers. The following list describes all locations around
SECTION 20
#17330850380531694-560: Is renamed Motoren und Turbinen-Union Friedrichshafen GmbH (MTU Friedrichshafen) in 1969. In 1989, Daimler-Benz InterServices AG (Debis) was created to handle data processing, financial and insurance services, and real estate management for the Daimler group. In 1995, MTU Friedrichshafen became a wholly owned subsidiary of Daimler-Benz. In a so-called "merger of equals," or "marriage made in heaven", according to its then CEO and architect Jürgen E. Schrempp , Daimler-Benz and United States–based automobile manufacturer Chrysler Corporation ,
1771-440: Is to "transition from being an automobile manufacturer to a mobility services provider". In April 2017 it announced a partnership with Via , a New York–based ride-sharing app, to launch a new ride-sharing service across Europe. In September, it was announced that Daimler had led a fundraising round for car-sharing start up Turo , which is a platform that lets owners rent their vehicles out to other users. It also acquired Flinc,
1848-451: The Mercedes series. The great demand for the car soon had DMG operating at full-capacity. In these early years, car races were used as advertising for their makers. Therefore, both DMG and Benz & Cie. , their great rival, put the best of their cars on the track. Daimler cars were able to beat Benz until 1908, when a Benz achieved the land speed record , but in the following years, both brands were equal. DMG expanded with
1925-701: The Hague System during 2020. This position is up on its previous 10th-place ranking in 2019. On 28 January 2022, CEO Ola Källenius announced that Daimler will be rebranded as Mercedes-Benz to pursue a higher valuation for the company as it shifts deeper into high-tech electric vehicles. On 1 February 2022, Daimler officially changed its registered company name to Mercedes-Benz Group AG. Sales of Mercedes-Benz Group vehicles in 2023 – 2,491,600 (+1.5%). Sales of superior products increased: Mercedes-Maybach (+19%), G-Class (+11%) and Mercedes-AMG (+4%). Fully electric Mercedes-Benz passenger car sales rose by 73% during
2002-572: The Mercedes Simplex of 1902–1909, (the name indicating it being "easy to drive") and the Mercedes Knight of 1910–1924, featuring Coventry Daimler's development of Charles Yale Knight 's sleeve-valve engine . All models were priced by their hp-rating. The first truck, of 1.5 tons payload, was sold to London's British Motor Syndicate Ltd on 1 October 1896. Its rear-mounted Phoenix engine produced 4 hp (3 kW) at 700 rpm. In 1897,
2079-642: The Mercedes-Benz 770 luxury car. Daimler also produced parts for German arms, most notably barrels for Mauser Kar98k rifles. During World War II , Daimler-Benz had over 60,000 concentration camp prisoners and other forced laborers to build machinery. After the war, Daimler admitted to its links and coordination with the Nazi government. In 1966, Maybach-Motorenbau GmbH merged with Mercedes-Benz Motorenbau Friedrichshafen GmbH to form Maybach Mercedes-Benz Motorenbau GmbH, under partial ownership by Daimler-Benz. The company
2156-525: The Phoenix engine. It amazed the automobile world with: Production of this engine which was put into cars, trucks, and boats became DMG 's main product until the Mercedes car of 1902. In 1902 an automobile that would later be called the Mercedes 35 hp was created by Maybach to the order of the successful Austrian merchant Emil Jellinek who became fascinated by both the Phoenix engine and race cars. The name
2233-562: The Shenzhen BYD Daimler New Technology Co., Ltd. , trading as " Denza " was established between BYD and Daimler to produce luxury electric vehicles. In November 2014, Daimler announced it would acquire 25 percent of Italian motorcycle producer MV Agusta for an undisclosed fee. MV Holding acquired the 25 percent of MV Agusta back from Daimler in December 2017. On 3 August 2015, Nokia announced that it had reached
2310-498: The "Rikers plant" opposite Rikers Island which was in use for piano production until nowadays . This business was sold after William Steinway died in 1896. In 1890 Hamburg-born Frederick Simms , a consulting engineer and a good personal friend of Gottlieb Daimler returned to the United Kingdom with the Phoenix engine for launches (though expressing thoughts for cars) having obtained from him British (and British Empire) rights to
2387-546: The Asian market. The alliance resulted in the platform sharing between the 2002-2013 Colt and first-generation Smart Forfour , but the declining performance of Mitsubishi led DaimlerChrysler to sell its shares back by 2004. In 2006, Chrysler reported losses of US$ 1.5 billion. It then announced plans to lay off 13,000 employees in mid-February 2007, close a major assembly plant and reduce production at other plants in order to restore profitability by 2008. That same year, Chrysler
Métallurgique - Misplaced Pages Continue
2464-461: The Daimler patents. In 1893 Simms formed The Daimler Motor Syndicate Limited (DMS) . At the end of 1895 Simms received an offer from a London company promoter called Lawson of, at first, £35,000 to purchase all the Daimler rights. As part of the necessary arrangements, Maybach and Daimler having parted from DMG , Simms arranged to pay the now drifting DMG £17,100 on the condition that DMG took back Gottlieb Daimler. A 'contract of reassociation'
2541-601: The Daimler-Motoren-Gesellschaft interest. Karl Benz remained as a member of the board of directors of Daimler-Benz AG until his death in 1929. Although Daimler-Benz is best known for its Mercedes-Benz automobile brand, during World War II , it also created a notable series of engines for German aircraft , tanks , and submarines . Its cars became the first choice of many Nazi, Fascist Italian, and Japanese officials including Hermann Göring , Adolf Hitler , Benito Mussolini and Hirohito , who most notably used
2618-476: The German Securities Trading Act (Wertpapierhandelsgesetz, WpHG) paragraph § 38 owner of rights like financial options to buy common shares with voting rights have to be reported in case certain threshold values are achieved. These owners must report the sum of owned common shares and potential rights to buy additional shares. The German Federal Financial Supervisory Authority (BaFin) reports
2695-627: The German market. Panhard & Levassor designed a complete automobile. Levassor mounted an engine (Daimler's) over the front axle, giving better balance and turning. Marketed in October 1891, it featured rear wheel drive by two side chains, pedal clutch, front radiator, and steering by lever. Historians consider that the automobile was "a German invention, while France expanded it commercially" , mainly by publicity from car-racing since in January 1886 Karl Benz
2772-462: The Sultan of Morocco. Commercial vehicles had also been made mainly using a Phoenix engine, but up to 1900, when Daimler died, the bodies had not been standardised. In 1902, the Mercedes car was built, compact and modern, with many improved features, a move which sparked the board's interest in automobile production. Mercedes then became DMG's main car brand name. There were some small exceptions:
2849-426: The automobile. Maybach continued as designer for a while, but quit in 1907 and was replaced by Gottlieb's son, Paul . DMG 's automobile sales took off, particularly with the first Daimler-Mercedes engine designed by Maybach placed into several race cars of 1900 built for Emil Jellinek. That race car was later referred to as the Mercedes 35 hp . Production capacity was extended to Untertürkheim. In 1902, DMG produce
2926-921: The car range included the 60/80 and the 40-hp, which was a smaller version of the 60/80, the 2-cylinder cars being finally dropped, the last of them a 12/14. They were replaced in 1909 by a 12/14 four-cylinder (built in Germany by Bergmann Elektrizitäwerke of Berlin ), joined by a 5-litre 26 hp (19 kW), and in 1911 all cars got 4-speed gearboxes. Bodywork was made by Vanden Plas . The Bergmann-built cars proved expensive in Britain, thanks to tariffs. Métallurgique cars were also made from 1909 under licence by Bergmann in Berlin, Germany who had previously made electric cars. These were sold as Bergmann-Métallurgique. All prewar cars were of exceptionally high quality. The company's agent in Britain, Oscar Cupper , also served as "one of
3003-462: The company as one of the finest makers of sporting cars in Europe. Production was targeted for export, and most sales were in Britain. In 1906, there came the 4-cylinder inlet over exhaust 10 L (610 cu in), with a claimed output of 100 bhp (75 kW) at 1400 rpm, enabling the car to reach 160 km/h (99 mph). The cars got a distinctive V front radiator in 1907. For 1908
3080-547: The company to start manufacturing Mercedes-Benz Sprinter vans from scratch to meet demand in North America. From 2010, these vans were set up in Germany, then shipped to the United States partially disassembled for reassembly to avoid import tariffs. A Daimler official said that the Sprinter's popularity in North America was making that process less efficient. The North Charleston plant had been employing only 100 workers. The Sprinter
3157-688: The company's primary product until 1927. It was in 1927 the company was taken over by Minerva - Impéria , and it ceased to exist. The company was taken over by Impéria in 1927 and the factory was acquired by Minerva . The name was dropped. Paul Bastien joined Stutz in America where he was responsible for the Vertical Eight. La Societe Anonyme des Automobiles Métallurgique has been set up to bring Métallurgique owners together. Daimler Motoren Gesellschaft Daimler-Motoren-Gesellschaft (abbreviated as DMG , also known as Daimler Motors Corporation)
Métallurgique - Misplaced Pages Continue
3234-670: The current owners of Jaguar and Daimler, announced they were considering transforming Daimler into "a super-luxury marque to compete directly with Bentley and Rolls-Royce". An application to register the Daimler name by Jaguar as a trademark in the US was rejected in 2009. Daimler built the engine for the first airship fuelled by petrol in 1888. From 1899 to 1907 DMG provided Maybach designed engines to Zeppelin . Wilhelm Maybach quit DMG in 1909. After 1909 Maybach and his son Karl founded their own enterprise in Württemberg and took over supplying
3311-580: The early 1950s it was often said "the aristocracy buy Daimlers, the nouveau riche buy Rolls-Royce". In 1960 the business was sold to Jaguar , which soon engaged in badge-engineering and often Jaguar and Daimler cars could only be distinguished by the grille and name badge. In 2005 the only Daimler models being produced were luxury models, such as the Daimler Super Eight . The Daimler name moved with Jaguar into British Leyland , back to an independent Jaguar, and then into Ford. In July 2008 Tata Group,
3388-484: The engines. Daimler AG Mercedes-Benz Group AG (formerly Daimler-Benz , DaimlerChrysler and Daimler ) is a German multinational automotive company headquartered in Stuttgart , Baden-Württemberg , Germany. It is one of the world's leading car manufacturers. Daimler-Benz was formed with the merger of Benz & Cie. , the world's oldest car company, and Daimler Motoren Gesellschaft in 1926. The company
3465-419: 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
3542-491: The firm's most able" works drivers. After World War I, car production restarted with the 26/60, the 20/40, and the 15/20. The 26/60 was newly-fitted with Adex brakes at all four corners,. a rarity at the time. The first post-war designs arrived in 1921 with the 3-litre. The 15/20 disappeared in 1922, replaced by a new 12 hp (8.9 kW) tourer with four-wheel brakes, powered by an 1,882 cc (114.8 cu in) overhead-valve four, designed by Paul Bastien. It remained
3619-523: The first Mercedes models, led by the 60 , the most famous early model, and officially adopted Mercedes as its automobile trademark; capable of 120 km/h (75 mph), the 60 combined touring and racing capacity, and was the top-status car to own (or for other makers, among them Berliet , Rochet-Schneier , Martini , Ariel , Star and FIAT , to copy; in the U.S., Daimler Manufacturing Company { Long Island City , New York} may have built one under licence in association with Steinway ). In part due to
3696-516: The following shareholder structure based on § 39 WpHG, (Date: Tuesday, 19 November 2019): As of March 2010, Daimler owned a 22.5% share of EADS . In April 2013, Daimler sold its shares in EADS, and the same year, EADS restructured itself into a new aerospace company named Airbus . On 5 March 2015, Daimler AG announced a 1,200-job package to the North Charleston region for its van plant, to allow
3773-463: The job of its architect, Chairman Jürgen E. Schrempp, who resigned at the end of 2005 in response to the fall of the company's share price following the transaction. Another issue of contention is whether the merger delivered promised synergies and successfully integrated the two businesses. Martin H. Wiggers ' concept of a platform strategy, like the VW Group's, was implemented only for a few models, so
3850-626: The joint venture was closed in 2018. From 1986 to 1989, Daimler produced the Mercedes-Benz W123 (200 and 230E) sedans in China under a joint venture with FAW Group , with 828 units assembled in Changchun. Beijing Jeep was a joint venture between Chrysler and BAIC Motor . After DaimlerChrysler was formed, its legal name was changed to Beijing Benz in 2004, and it started producing Mercedes-Benz models in 2006. The partnership has continued during
3927-588: The land (185,000 square meters) at a low price and also arranged for a railroad extension with its own station and energy from the Neckar's hydro-electric plant which had been built in 1900. DMG had planned to open the facility in 1905 but the total destruction of Cannstatt's factory by fire in 1903 hastened the work and the new Art-Nouveau building, with a jagged-roof , was brought forward to start production in December 1903. The work force continued to grow. On 17 May 1904 Unterturkheim became DMG 's headquarters with
SECTION 50
#17330850380534004-456: The model 60's success, the number of DMG employees went from 821 (1903) to 2,200 (1904). 1906 to 1913 were further expansion years, with the creation of new capacity reducing the number of external suppliers. Increased mechanization took the annual productivity from 0.7 cars per worker, to 10. In 1911, shares of DMG were listed on the Stuttgart stock exchange . On 2 October 1902 DMG opened
4081-522: The name of its flagship marque, Mercedes-Benz, and spun off its heavy commercial vehicles unit, Daimler Truck , into a separate listed company . Daimler Truck is listed on the Frankfurt Stock Exchange and its first trading day was on 10 December 2021. In the 2021 review of WIPO 's annual World Intellectual Property Indicators Daimler ranked 8th in the world, with 65 of its designs in industrial design registrations being published under
4158-553: The private business to a public corporation in 1890. (This agreement is regarded by some historians as a "devil's pact", as the inventors never got along with the new status.) Not really believing in automobile production the financiers expanded the stationary engine business, as they were selling well, and even considered a merger with Otto's Deutz-AG . (During 1882, Gottflieb Daimler had serious personal problems with Nicholas Otto, when Daimler and Maybach worked for Otto.) Daimler and Maybach continued to advocate car manufacturing and as
4235-471: The production of light commercial vehicles began. At that time they were popularly called business vehicles , and were very successful in the United Kingdom. At the first Paris Motor Show , in 1898, a 5-ton truck was displayed, with a front-mounted engine. In 1894, while working from temporary premises in the unused Hermann Hotel in Cannstatt, Gottlieb Daimler, his son Paul, and Wilhelm Maybach designed
4312-461: The rest of the administration staff moving in on 29 May. In 1913, an additional 220,000 square meters were acquired and between 1915 and 1918 it was extended further. By the 1920s, Untertürkheim had almost all the production processes on one site from foundries to final car assembly. In 1925 the DMG design department also moved in. On the night of 10 June 1903 the original Seelberg-Cannstatt plant suffered
4389-499: The sale on 3 August 2007. The original agreement stated that Cerberus would take an 80.1 percent stake in the new company, Chrysler Holding LLC. DaimlerChrysler changed its name to Daimler AG and retained the remaining 19.9% stake in the separated Chrysler LLC. The terms saw Daimler pay Cerberus US$ 650 million to take Chrysler and associated liabilities off its hands. Of the US$ 7.4 billion purchase price, Cerberus Capital Management
4466-412: The same stationary engine technology. DMG thus grew out of an extension of the independent businesses of Daimler and Maybach, who would revolutionize the world with their inventions for the automobile of a four-stroke petrol engine , carburetor , and so on. They would manufacture small internal combustion engines suitable for use on land, sea, and in the air (the basis for a symbol Daimler devised of
4543-494: The smallest of the main three American automakers, merged in 1998 in an exchange of shares and formed DaimlerChrysler AG. Valued at US$ 38 billion, it was the world's largest ever cross-border deal. The terms of the merger allowed Daimler-Benz's non-automotive businesses such as Daimler-Benz InterServices AG, "debis AG" for short, to continue to pursue their respective strategies of expansion. debis AG reported revenues of $ 8.6 bn (DM 15.5 bn) in 1997. The merger
4620-513: The sole concessionaire in Austria-Hungary, France, Belgium, and the US, using the name Daimler-Mercedes for the engine, and also become a member of the Board of Management. In June 1902, after DMG realized that they had already conceded their Daimler trademark to Panhard & Levassor for the whole of France, they decided to name all their cars Mercedes after the engine and began to produce
4697-534: The success of a small number of race cars built on contract by Wilhelm Maybach for Emil Jellinek , it began to produce the Mercedes model of 1902. After this automobile production expanded to become DMG's main product, and it built several models. Because of the post World War One German economic crisis, in 1926 DMG merged with Benz & Cie. , becoming Daimler-Benz and adopting Mercedes-Benz as its automobile trademark. A further merger occurred in 1998 with Chrysler Corporation to become DaimlerChrysler. The name
SECTION 60
#17330850380534774-588: The synergy effects in development and production were low. As late as 2002, DaimlerChrysler appeared to run two independent product lines. Later that year, the company launched products that did integrate elements from both sides of the company, including the Chrysler Crossfire , which was based on the Mercedes SLK platform and utilized Mercedes's 3.2 L V6, and the Dodge Sprinter / Freightliner Sprinter ,
4851-476: The war, limited by the Versailles Treaty , it produced only automobile bodies. The production of motorboats by Daimler and Maybach began early, in 1886, with the Neckar (4.5 meters long with a speed of 11 km/h (6 knots)), the first in the world, and tested on the local Neckar river. That boat became DMG's first commercial hit, helped by the poor state of Germany's roads. Once the public corporation
4928-454: The world's first C-pillar made with polycarbonate from CO 2 electrolysis in an effort towards a fully carbon neutral fleet. In September 2020, the company was fined 875 million dollars by the United States for having violated the Clean Air Act . It agreed to pay $ 1.5 billion to settle all related court actions. In February 2021, Daimler said it planned to rename itself adopting
5005-549: The world. In 2015, Daimler held interests in the following companies: Until the end of 2011, the company had also held shares in McLaren Group. Daimler held 25% of MV Agusta of Italy until 2017. Daimler sold its 50% stake in Engine Holding , to its joint venture partner, Rolls-Royce Holdings in 2014. It is now called Rolls-Royce Power Systems AG. Daimler used to own 50.1% Automotive Fuel Cell Cooperation of Canada but
5082-515: The year. Only Core segment sales declined by 2%, with 1,096,800 units sold due to supplier bottlenecks and the transition to the new E-Class . The key trends for the Mercedes-Benz Group are (as at the financial year ending 31 December): Ola Källenius became the Chairman of Mercedes-Benz Group and Head of Mercedes-Benz Cars on 22 May 2019. As of May 2018 , the members of the Board of Management of Mercedes-Benz Group AG were: According to
5159-645: Was a German engineering company and later automobile manufacturer , in operation from 1890 until 1926. Founded by Gottlieb Daimler (1834–1900) and Wilhelm Maybach (1846–1929), it was based first in Cannstatt (today Bad Cannstatt, a city district of Stuttgart ). Daimler died in 1900, and their business moved in 1903 to Stuttgart- Untertürkheim after the original factory was destroyed by fire, and again to Berlin in 1922. Other factories were located in Marienfelde (near Berlin) and Sindelfingen (next to Stuttgart ). The enterprise began to produce petrol engines but after
5236-484: Was changed again to just Daimler AG in 2007 when Chrysler was sold. Most recently in 2022, the name was changed once more to the Mercedes-Benz Group . By 1882 both Daimler and Maybach had left Nikolaus Otto 's Deutz AG Gasmotorenfabrik . In 1890 they founded their own engine business, Daimler Motoren Gesellschaft ( DMG ). Its purpose was the construction of small, high speed engines they had developed based on
5313-450: Was contentious with investors launching lawsuits over whether the transaction was the 'merger of equals' that senior management claimed or actually amounted to a Daimler-Benz takeover of Chrysler. A class action investor lawsuit was settled in August 2003 for US$ 300 million while a suit by billionaire investor activist Kirk Kerkorian was dismissed on 7 April 2005. The transaction claimed
5390-486: Was derived from an engine Maybach built to the specifications of Jellinek in 1900 that could achieve 35 hp (26 kW). Jellinek had stipulated that the engine be called Daimler-Mercedes and when it was successful, he stipulated a new model in an edition of vehicles that he would market and use personally. Later this was referred to as the Mercedes 35 hp (26 kW) model. It was never marketed by DMG until its success
5467-633: Was formed, motorboat production became one of the new financiers' main interests and lead in 1902 to the building of the Berlin-Marienfelde factory specifically for their manufacture. Daimler had sold automobile-engine licences all over the world including to France, Austria, the UK, and the United States through an agreement with the piano-maker Steinway , in New York. The first DMG automobile sale took place in August 1892 (its registration still survives) to
5544-581: Was granted the first patent for an automobile he designed and built in 1885. In 1888, Gottlieb Daimler established a cooperation with the German-born piano maker William Steinway in Astoria, Queens, later New York City, to build stationary and marine engines for gas and petroleum, and later on, in 1892, also to build cars as full copies of the German design. The engines and cars were produced in Steinway's premises at
5621-515: Was overtaken by Toyota in the US market, leaving it outside of the traditional " Big Three " of US automakers for the first time. DaimlerChrysler had reportedly approached other carmakers and investment groups to sell Chrysler in early 2007. General Motors was reported to be a suitor, but Daimler agreed to sell the Chrysler unit to Cerberus Capital Management in May 2007 for US$ 6 billion and completed
5698-790: Was renamed DaimlerChrysler upon the acquisition of the American automobile manufacturer, Chrysler Corporation in 1998, it was renamed to Daimler upon the divestment of Chrysler in 2007. In 2021, Daimler was the second-largest German automaker and the sixth-largest worldwide by production. In February 2022, Daimler was renamed Mercedes-Benz Group as part of a transaction that spun-off its commercial vehicle segment as an independent company, Daimler Truck . The Mercedes-Benz Group's marques are Mercedes-Benz for cars and vans (including Mercedes-AMG and Mercedes-Maybach ). It has shares in other vehicle manufacturers such as Daimler Truck, BAIC Motor and Aston Martin . Since 2019, Smart left Daimler AG and became
5775-412: Was seen to be substantial. Jellinek competed as a driver, painting "Mercedes" (Spanish for godsend ), on the automobiles he raced after his 10-year-old daughter. Jellinek's pursuit of higher speed brought him to Stuttgart personally, to Wilhelm Maybach 's office where he also met with Paul Daimler , son of Gottlieb. Together they designed a new kind of automobile that would be "larger, wider, and with
5852-599: Was signed on 1 November 1895. The result was the divided Daimler-Maybach and DMG businesses then merged and were rejuvenated. In early 1896, having agreed with Daimler Motor Syndicate it would buy the Daimler rights, Lawson floated The Daimler Motor Company Limited (DMC) in London (with Gottlieb Daimler a director), the factory to be in a disused cotton mill in Coventry . Simms became a director of DMG (Cannstatt) but not DMC (London). In 1910 Daimler Motor Company while retaining
5929-499: Was to invest US$ 5 billion in Chrysler Holdings and US$ 1.05 billion in Chrysler's financial unit. The de-merged Daimler AG received US$ 1.35 billion directly from Cerberus but directly invested US$ 2 billion in Chrysler itself. Chrysler filed bankruptcy in 2009. DC Aviation rose in 2007 from the previous DaimlerChrysler Aviation , an auxiliary of DaimlerChrysler AG, which was established in 1998. In May 2010,
#52947