Daimler-Benz
Overview
 
Daimler-Benz AG (ˈdaɪmlɐ ˈbɛnts) was a German manufacturer of automobile
Automobile
An automobile, autocar, motor car or car is a wheeled motor vehicle used for transporting passengers, which also carries its own engine or motor...

s, motor vehicles, and internal combustion engine
Internal combustion engine
The internal combustion engine is an engine in which the combustion of a fuel occurs with an oxidizer in a combustion chamber. In an internal combustion engine, the expansion of the high-temperature and high -pressure gases produced by combustion apply direct force to some component of the engine...

s; founded in 1926. An Agreement of Mutual Interest - which was valid until year 2000 - was signed on 1 May 1924 between Karl Benz
Karl Benz
Karl Friedrich Benz, was a German engine designer and car engineer, generally regarded as the inventor of the gasoline-powered car, and together with Bertha Benz pioneering founder of the automobile manufacturer Mercedes-Benz...

's Benz & Cie., and Daimler Motoren Gesellschaft, which had been founded by Gottlieb Daimler
Gottlieb Daimler
Gottlieb Daimler was an engineer, industrial designer and industrialist born in Schorndorf , in what is now Germany. He was a pioneer of internal-combustion engines and automobile development...

 and Wilhelm Maybach
Wilhelm Maybach
Wilhelm Maybach was an early German engine designer and industrialist. During the 1890s he was hailed in France, then the world centre for car production, as the "King of constructors"....

. 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.
Encyclopedia
Daimler-Benz AG (ˈdaɪmlɐ ˈbɛnts) was a German manufacturer of automobile
Automobile
An automobile, autocar, motor car or car is a wheeled motor vehicle used for transporting passengers, which also carries its own engine or motor...

s, motor vehicles, and internal combustion engine
Internal combustion engine
The internal combustion engine is an engine in which the combustion of a fuel occurs with an oxidizer in a combustion chamber. In an internal combustion engine, the expansion of the high-temperature and high -pressure gases produced by combustion apply direct force to some component of the engine...

s; founded in 1926. An Agreement of Mutual Interest - which was valid until year 2000 - was signed on 1 May 1924 between Karl Benz
Karl Benz
Karl Friedrich Benz, was a German engine designer and car engineer, generally regarded as the inventor of the gasoline-powered car, and together with Bertha Benz pioneering founder of the automobile manufacturer Mercedes-Benz...

's Benz & Cie., and Daimler Motoren Gesellschaft, which had been founded by Gottlieb Daimler
Gottlieb Daimler
Gottlieb Daimler was an engineer, industrial designer and industrialist born in Schorndorf , in what is now Germany. He was a pioneer of internal-combustion engines and automobile development...

 and Wilhelm Maybach
Wilhelm Maybach
Wilhelm Maybach was an early German engine designer and industrialist. During the 1890s he was hailed in France, then the world centre for car production, as the "King of constructors"....

. 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
Aktiengesellschaft
Aktiengesellschaft is a German term that refers to a corporation that is limited by shares, i.e. owned by shareholders, and may be traded on a stock market. The term is used in Germany, Austria and Switzerland...

) - and agreed that thereafter, all of the factories would use the brand name of "Mercedes-Benz
Mercedes-Benz
Mercedes-Benz is a German manufacturer of automobiles, buses, coaches, and trucks. Mercedes-Benz is a division of its parent company, Daimler AG...

" 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
Mercedes (car)
Mercedes was a brand of the Daimler-Motoren-Gesellschaft . DMG which began to develop in 1900, after the death of its co-founder, Gottlieb Daimler...

 series, which were designed and built by Wilhelm Maybach
Wilhelm Maybach
Wilhelm Maybach was an early German engine designer and industrialist. During the 1890s he was hailed in France, then the world centre for car production, as the "King of constructors"....

. They derived their name from a 1900 engine named after the daughter
Mércédès Jellinek
Mercédès Adriana Manuela Ramona Jellinek called Mercédès was the daughter of Austrian automobile entrepreneur Emil Jellinek and his wife Rachel Goggmann Cenrobert. She was born on September 16, 1889 and named as a term of endearment Mercedes...

 of Emil Jellinek
Emil Jellinek
Emil Jellinek, known after 1903 as Emil Jellinek-Mercedes was a wealthy European entrepreneur who sat on the board of Daimler-Motoren-Gesellschaft between 1900 and 1909. He specified an engine designed there by Wilhelm Maybach and Gottlieb Daimler for the first 'modern' car...

. Jellinek became one of DMG's directors in 1900, ordered a small number of motor racing
Auto racing
Auto racing is a motorsport involving the racing of cars for competition. It is one of the world's most watched televised sports.-The beginning of 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
Mercedes 35 hp
The Mercedes 35 hp was a radical early car model designed in 1901 by Wilhelm Maybach and Paul Daimler, for Emil Jellinek. Produced in Stuttgart, Germany, by the Daimler Motoren Gesellschaft , it began the Mercedes line of cars .A significant advancement over the previous generation of...

. 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
Gottlieb Daimler
Gottlieb Daimler was an engineer, industrial designer and industrialist born in Schorndorf , in what is now Germany. He was a pioneer of internal-combustion engines and automobile development...

 as a marque of automobiles had been sold by DMG - following his death in 1900 - for use by other companies (Daimler Motor Company
Daimler Motor Company
The Daimler Motor Company Limited was an independent British motor vehicle manufacturer founded in London by H J Lawson in 1896, which set up its manufacturing base in Coventry. The right to the use of the name Daimler had been purchased simultaneously from Gottlieb Daimler and Daimler Motoren...

 and Austro-Daimler
Austro-Daimler
Austro-Daimler was an Austrian automaker company, from 1899 until 1934. It was subsidiary of the German Daimler Motoren Gesellschaft .-Early history:...

), so the new company, Daimler-Benz, would have created confusion and legal problems to include Daimler in its new brand name, and therefore, used Mercedes to represent the Daimler Motoren Gesellschaft
Daimler Motoren Gesellschaft
Daimler-Motoren-Gesellschaft was a German engine and later automobile manufacturer, in operation from 1890 until 1926. Founded by Gottlieb Daimler and Wilhelm Maybach, it was based first in Cannstatt...

 interest. Karl Benz
Karl Benz
Karl Friedrich Benz, was a German engine designer and car engineer, generally regarded as the inventor of the gasoline-powered car, and together with Bertha Benz pioneering founder of the automobile manufacturer Mercedes-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
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

 it also created a notable series of aircraft
Aircraft
An aircraft is a vehicle that is able to fly by gaining support from the air, or, in general, the atmosphere of a planet. An aircraft counters the force of gravity by using either static lift or by using the dynamic lift of an airfoil, or in a few cases the downward thrust from jet engines.Although...

, tank
Tank
A tank is a tracked, armoured fighting vehicle designed for front-line combat which combines operational mobility, tactical offensive, and defensive capabilities...

, and submarine
Submarine
A submarine is a watercraft capable of independent operation below the surface of the water. It differs from a submersible, which has more limited underwater capability...

 engines. Daimler also produced parts for German arms, most notably barrels for the Mauser
Mauser
Mauser was a German arms manufacturer of a line of bolt-action rifles and pistols from the 1870s to 1995. Mauser designs were built for the German armed forces...

 rifle. During World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

 Daimler-Benz employed slave labour. The slaves "toiled eighteen hours a day; cowering under the lash, sleeping six to a dog kennel eight feet square, starving or freezing to death at the whim of their guards."

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 1998, Daimler-Benz AG bought the American automobile manufacturer Chrysler Corporation
Chrysler
Chrysler Group LLC is a multinational automaker headquartered in Auburn Hills, Michigan, USA. Chrysler was first organized as the Chrysler Corporation in 1925....

, and formed DaimlerChrysler AG. When the Chrysler Group was subsequently sold off to Cerberus Capital Management
Cerberus Capital Management
Cerberus Capital Management, L.P. is one of the largest private equity investment firms in the United States. The firm is based in New York City, and run by -year-old financier Steve Feinberg. Former U.S...

 and renamed Chrysler LLC
Chrysler
Chrysler Group LLC is a multinational automaker headquartered in Auburn Hills, Michigan, USA. Chrysler was first organized as the Chrysler Corporation in 1925....

 in August 2007, the name of the parent company was changed to simply Daimler AG within two months.
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