The Creation of Mercedes-Benz: Everything You Need to Know
Who Founded Mercedes-Benz?
When was Mercedes-Benz Founded?
Mercedes-Benz was founded in 1926. It was the result of a merger between two automobile companies. These companies were Benz & Cie and Daimler Motoren Geshellschaft (DMG). Technically, the founded company wasn’t Mercedes-Benz, the newly founded company was titled Daimler-Benz AG (AG stands for Automotive Group). Once these companies merged, the decision was made for all their cars to be labeled as Mercedes-Benz. Over time, Mercedes-Benz became one of many subsidiaries owned by Daimler AG. There are even multiple companies with “Mercedes-Benz” in the titled owned by Daimler AG.
Why Did Benz & Cie Merge with Daimler Motoren Geshellschaft (DMG)?
In order to understand why Benz & Cie merged with DMG in 1926 we must consider the economic environment within Germany at this time. 1926 is part of the post world war one era in which Germany was suffering from dire economic times. The entire economy was suffering and automobiles at that time were far from being considered a necessity. Few automobiles were being sold, but it wasn’t the fault of the manufacturing companies. Benz & Cie and DMG even spent a few years prior to the merger advertising their products together in attempts to jump start their shared industry.
Does Daimler-Benz AG Still Exist?
Daimler-Benz AG is no longer in existence. Daimler-AG was functioning from 1926 through 1998. In 1998, Daimler-Benz AG merged with the Chrysler Corporation. At the time of the merger the new company title was DaimlerChrysler. DaimlerChrysler lasted until 2007 when Chrysler was sold to Cerebrus Capital Management. DaimlerChrysler was renamed to Daimler AG. It is a very similar title to the previous title of Daimler-Benz AG.
Which car models were being produced before the 1926 merger?
Prior to the 1926 merger, Benz & Cie was responsible for the Patent-Motorwagen and DMG was had a line of cars known as Mercedes. It is known that Emil Jellinek was responsible for contributing the name “Mercedes”.