Mercedes-Benz (sometimes shortened to just Mercedes or Benz) is a German brand name of automobiles, buses, coaches, and trucks created for Daimler-Benz AG and now owned by DaimlerChrysler AG. The Daimler-Benz company originated on June 28, 1926 when two companies, Benz & Cie. and Daimler Motoren Gesellschaft (DMG), the inventors of the automobile, merged.
Established in 1871, Benz & Cie. was the most important of several companies founded by Karl Benz. DMG was founded by Gottlieb Daimler and his partner Wilhelm Maybach in 1890, but Daimler died in 1900 and Maybach left DMG in 1907, by which time the two companies were rivals. In 1924, owing to economic necessity after World War One, they entered into an “Agreement of Mutual Interest” (valid until the year 2000), however, this initial agreement still allowed each company to manufacture and sell their products under their original brand names. It was only after the 1926 official merger, that the brand Mercedes-Benz was created and used.
Mercedes-Benz is the brand name applied to the models of one of the premier automotive manufacturers in the world and, because of its tie to Karl Benz, it is also the name of the world’s oldest continuously produced automobile line. In 1926 when the new company, Daimler-Benz was established through merger, a new logo also was created that would include a symbol for each and integrate the names of the two former companies.
Mercedes-Benz automobiles have introduced— both in the past and present — many technological and safety features (see details below). It was in 1998, when Daimler-Benz and Chrysler agreed to combine their businesses — known as the “merger of equals”, that a new entity, DaimlerChrysler AG was created.