The Mercedes-Benz Group
AG (previously named Daimler-Benz, DaimlerChrysler and Daimler) is a German
multinational automotive corporation 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. and
Daimler Motoren Gesellschaft in 1926. The company was renamed DaimlerChrysler upon acquiring the American automobile manufacturer
Chrysler Corporation in 1998, and was again renamed Daimler AG upon divestment of Chrysler in 2007. In 2021, Daimler AG was the second-largest German automaker and the sixth-largest worldwide by production. In February 2022, Daimler was renamed Mercedes-Benz Group.
The Mercedes-Benz Group's marques are
Mercedes-Benz for cars and vans (including
Mercedes-AMG and
Mercedes-Maybach) and
Smart. It has shares in other vehicle manufactures such as
Daimler Truck,
Denza
Shenzhen BYD New Energy Co., Ltd., trading as Denza, is an automobile manufacturing company headquartered in Shenzhen, China, specialising in luxury electric cars and an equally owned joint venture between BYD and the Mercedes-Benz Group. Foun ...
,
BAIC Motor and
Aston Martin.
By unit sales, the Mercedes-Benz Group is the thirteenth-largest car manufacturer. The group provides financial services through its
Mercedes-Benz Mobility arm. The company 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 . China is currently the company's largest market, accounting for around 37% of all sales in 2021.
History
1926–1998: Daimler-Benz
The Mercedes-Benz Group origin is in an ''Agreement of Mutual Interest'' signed on 1 May 1924 between
Benz & Cie. (founded 1883 by
Karl Benz) and
Daimler Motoren Gesellschaft (founded 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 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
A daughter is a female offspring; a girl or a woman in relation to her parents. Daughterhood is the state of being someone's daughter. The male counterpart is a son. Analogously the name is used in several areas to show relations between groups ...
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 Mercedes (german: Mercedes ) was a radical early car model designed in 1901 by Wilhelm Maybach and Paul Daimler, for Emil Jellinek. Produced in Stuttgart, Germany, by Daimler-Motoren-Gesellschaft (DMG), it began the Mercedes line of cars ...
''. 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 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
Austro-Daimler was an Austro-Hungarian automaker company, from 1899 until 1934. It was a subsidiary of the German ''Daimler-Motoren-Gesellschaft'' (DMG) until 1909.
Early history
In 1890, Eduard Bierenz was appointed as Austrian retailer. The co ...
later
Steyr-Daimler-Puch
Steyr-Daimler-Puch () was a large manufacturing conglomerate based in Steyr, Austria, which was broken up in stages between 1987 and 2001. The component parts and operations continued to exist under separate ownership and new names.
History
...
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 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
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...
, it also created a notable series of engines for German
aircraft
An aircraft is a vehicle that is able to flight, fly by gaining support from the Atmosphere of Earth, air. It counters the force of gravity by using either Buoyancy, static lift or by using the Lift (force), dynamic lift of an airfoil, or in ...
,
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 the
Mercedes-Benz 770 luxury car. Daimler also produced parts for German arms, most notably barrels for
Mauser Kar98k rifles. During
World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...
, 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 is renamed Motoren und Turbinen-Union Friedrichshafen GmbH (MTU Friedrichshafen) in 1969.
In 1989,
Daimler-Benz InterServices AG (Debis)
The Mercedes-Benz Group AG (previously named Daimler-Benz, DaimlerChrysler and Daimler) is a German multinational automotive corporation headquartered in Stuttgart, Baden-Württemberg, Germany. It is one of the world's leading car manufacture ...
was created to handle data processing, financial and insurance services, and real estate management for the Daimler group.
In 1995,
MTU Friedrichshafen
MTU Friedrichshafen GmbH is a German manufacturer of commercial internal combustion engines founded by Wilhelm Maybach and his son Karl Maybach in 1909. Wilhelm Maybach was the technical director of Daimler-Motoren-Gesellschaft (DMG), a prede ...
became a wholly owned subsidiary of Daimler-Benz.
1998–2007: DaimlerChrysler
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, the smallest of the main three American automakers, merged in 1998 in an exchange of shares and formed DaimlerChrysler AG. Valued at 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 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 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, was implemented only for a few models, so the synergy effects in development and production were too low. As late as 2002, DaimlerChrysler appeared to run two independent product lines. Later that year, the company launched products that appeared to 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
The Mercedes-Benz Sprinter is a light commercial vehicle (van) built by Mercedes-Benz Group AG of Stuttgart, Germany as a large van, chassis cab, minibus, and pickup truck. In the past, the Sprinter had been sold under the Mercedes-Benz, Dodge, a ...
/
Freightliner Sprinter Freightliner may refer to:
* Freightliner Trucks, a heavy vehicle brand of Daimler AG
* Freightliner Group, a European rail-freight operator
* Freight liner (ship), describing a cargo ship operating to a repeating schedule
See also
*
*
*
*Freight ...
, a re-badged
Mercedes-Benz Sprinter van.
In 2000, DaimlerChrysler acquired the
Detroit Diesel Corporation
Detroit Diesel Corporation (DDC) is an American diesel engine manufacturer headquartered in Detroit, Michigan, United States. It is a subsidiary of Daimler Truck North America, which is itself a wholly owned subsidiary of the mulitinational D ...
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 the Asian market.
["Don't Wait For More" (boxout)](_blank)
Murakami Mutsuko, '' Asiaweek'' vol.26, no.13, 7 April 2000, 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.
["DaimlerChrysler dumps Mitsubishi"](_blank)
BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadc ...
, 23 April 2004
Chrysler reported losses of US$1.5 billion in 2006. 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.
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 the sale on 3 August 2007. Through most of its history, Chrysler has been the smallest of the "Big 3" U.S. automakers, but in January 2007, DaimlerChrysler, excluding its luxury
Mercedes and Maybach lines, also outsold traditionally second place Ford, though behind
General Motors and
Toyota. 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 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.
2007–2022: Daimler AG
In May 2010, 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 a deal to sell its
Here
Here is an adverb that means "in, on, or at this place". It may also refer to:
Software
* Here Technologies, a mapping company
* Here WeGo (formerly Here Maps), a mobile app and map website by Here
Television
* Here TV (formerly "here!"), a ...
digital maps division to a consortium of three German automakers—
BMW, Daimler AG, and
Volkswagen Group
Volkswagen AG (), known internationally as the Volkswagen Group, is a German multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. The company designs, manufactures and distributes passenger and commercia ...
, 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 is to "transition from being an automobile manufacturer to a mobility services provider".
In April 2017 it announced a partnership with
Via
Via or VIA may refer to the following:
Science and technology
* MOS Technology 6522, Versatile Interface Adapter
* ''Via'' (moth), a genus of moths in the family Noctuidae
* Via (electronics), a through-connection
* VIA Technologies, a Taiwa ...
, 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, a German startup that has built an app for peer-to-peer-style carpooling, has invested in Storedot,
Careem,
Blacklane
Blacklane GmbH is a German company based in Berlin which provides a chauffeur portal connecting people to professional chauffeurs via their mobile app, website and hotline.Millward, Steven"Aiming to usurp Uber, Blacklane arrives in 18th Asian ...
and
FlixBus, and has acquired
car2go
Share Now GmbH is a German carsharing company, formed from the merger of Car2Go and DriveNow. Since 2022, it is a subsidiary of the Free2Move division of multinational automaker Stellantis providing carsharing services in urban areas in Europe, ...
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 is already known from its ownership of
Volvo Car Corporation
Volvo Cars ( sv, Volvo personvagnar, styled VOLVO in the company's logo) is a Swedish multinational manufacturer of luxury vehicles headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and sedans. The company's ...
. 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."
[Daimler abandons internal combustion engine development to focus on EVs]
, accessed 20 September 2019.
In February 2020, Daimler partnered with
Twelve to create the world's first
C-pillar
The pillars on a car with permanent roof body style (such as four-door sedans) are the vertical or nearly vertical supports of its window area or greenhouse—designated respectively as the ''A, B, C'' and (in larger cars such as 4-door stati ...
made with
polycarbonate from CO
2 electrolysis in an effort towards a fully
carbon neutral
Carbon neutrality is a state of net-zero carbon dioxide emissions. This can be achieved by balancing emissions of carbon dioxide with its removal (often through carbon offsetting) or by eliminating emissions from society (the transition to the " ...
fleet.
In February 2021, Daimler said it planned to rename itself adopting 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 the
Hague System during 2020.
This position is up on its previous 10th place ranking in 2019.
2022–present: Mercedes-Benz Group
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 electric vehicles packed with digital gadgets. On 1 February 2022, Daimler officially changed its registered company name to Mercedes-Benz Group AG.
Corporate affairs
Management
Ola Källenius became the Chairman of Mercedes-Benz Group and Head of Mercedes-Benz Cars on 22 May 2019.
, the members of the Board of Management of Mercedes-Benz Group AG were:
*
Ola Källenius: Chairman of the Board of Management of Mercedes-Benz Group AG and Mercedes-Benz AG.
*
Renata Jungo Brüngger: Integrity and Legal Affairs.
*
Jörg Burzer: Production and Supply Chain Management.
*
Sabine Kohleisen
The Sabines (; lat, Sabini; it, Sabini, all exonyms) were an Italic people who lived in the central Apennine Mountains of the ancient Italian Peninsula, also inhabiting Latium north of the Anio before the founding of Rome.
The Sabines divi ...
: Human Resources and Director of Labor Relations.
*
Markus Schäfer: Chief Technology Officer responsible for Development and Purchasing.
*
Britta Seeger
Britta Seeger (born 25 September 1969) is a German business executive. She is currently the second female member of the Board of Management of Daimler AG alongside Renata Jungo Brüngger and, after her predecessor Christine Hohmann-Dennhardt, ...
: Mercedes-Benz Cars Marketing and Sales.
*
Hubertus Troska
Hubertus or Hubert ( 656 – 30 May 727 A.D.) was a Christian saint who became the first bishop of Liège in 708 A.D. He is the patron saint of hunters, mathematicians, opticians and metalworkers. Known as the "Apostle of the Ardennes", he ...
: Greater China
* Harald Wilhelm: Finance and Controlling and Head of Mercedes-Benz Mobility
2019 shareholder structure according to the BaFin
According to 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 the following shareholder structure based on § 39 WpHG, (Date: Tuesday, 19 November 2019):
*
Bank of America Corporation
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The ban ...
: 20.25%
*
BlackRock, Inc.
BlackRock, Inc. is an American multi-national investment company based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with trill ...
: 5.09%
*
Harris Associates L.P.
Harris Associates L.P. is a Chicago-based investment company that manages $86 billion in assets as of September 30, 2022. Harris manages long-only U.S. equity, international equity, and global equity strategies which are offered through its m ...
: 4.93%
*
Li Shufu with Tenaciou3 Prospect Investment Limited: 9.69%
*
Morgan Stanley: 5.7%
*
People's Republic of China: 5%
EADS shareholding
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.
Leadership
; Daimler-Benz AG (1926–1998)
* Wilhelm Kissel (1926–1942)
*
Wilhelm Haspel (1942–1952)
* Heinrich C. Wagner (1952)
* Fritz Koenecke (1952–1960)
* Walter Hitzinger (1961–1966)
*
Joachim Zahn (1966–1979)
* Gerhard Prinz (1980–1983)
* Werner Breitschwerdt (1983–1987)
*
Edzard Reuter
Edzard Hans Wilhelm Reuter (born 16 February 1928) was the CEO of Daimler-Benz from 1987 to 1995.
Edzard Reuter was born in Berlin, his father was the popular social democratic politician and mayor of Berlin from 1948 to 1953, Ernst Reuter. Hi ...
(1987–1995)
*
Jürgen E. Schrempp (1995–1998)
; DaimlerChrysler AG (1998–2007)
*
Jürgen E. Schrempp (1998–2006)
**
Robert James Eaton (co-CEO, 1998–2000)
*
Dieter Zetsche (2006–2007)
; Daimler AG (2007–present)
* Dieter Zetsche (2007–2019)
*
Ola Källenius (2019–present)
Financial data
North Charleston expansion
On 5 March 2015, Daimler AG announced a 1,200-job package to the North Charleston region for its van plant, to allow 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 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.
Brands
The Mercedes-Benz Group sells automobiles under the following
brands worldwide:
* Mercedes-Benz Cars
**
Mercedes-Benz
**
Mercedes-AMG – High performance vehicles
**
Mercedes-Maybach – Introduced November 2014
**
Smart
***
Share Now
Share Now GmbH is a German carsharing company, formed from the merger of Car2Go and DriveNow. Since 2022, it is a subsidiary of the Free2Move division of multinational automaker Stellantis providing carsharing services in urban areas in Europe, ...
**
Maybach – production ended in 2012, but the ultra-high end
S-class and
GLS-class is sold as
Mercedes-Maybach
* Mercedes-Benz Vans
** Mercedes-Benz (vans group)
*
Mercedes-Benz Mobility
**
Mercedes-Benz Bank
** Mercedes-Benz Financial Services
* Others
**
Mercedes AMG High Performance Powertrains (builds engines for Formula One racing)
Locations
The Mercedes-Benz Group has a worldwide network of production plants and research centers. The following list describes all locations around the world.
, -
,
Atlantis , , South Africa , ,
Foundry , , , ,
, -
,
Beijing
}
Beijing ( ; ; ), Chinese postal romanization, alternatively romanized as Peking ( ), is the Capital city, capital of the China, People's Republic of China. It is the center of power and development of the country. Beijing is the world's Li ...
, , China , ,
C-Class,
E-Class (long versions for Chinese market) &
GLK &
GLA
GLA or Gla may refer to:
Entertainment
* ''GLA'' (album), by Scottish alternative rock band Twin Atlantic
* Great Lakes Avengers, a fictional comic hero group
Science and technology
* Alpha-galactosidase, a glycoside hydrolase enzyme
* GLA ...
,
Auman trucks (assembly)
Four-cylinder engines (production & assembly),
six-cylinder engines (assembly) , , 8,878 , ,
, -
,
Bengaluru
, India
, Mercedes-Benz Research and Development
, 2900
, N/A
, -
,
Berlin
Berlin ( , ) is the capital and largest city of Germany by both area and population. Its 3.7 million inhabitants make it the European Union's most populous city, according to population within city limits. One of Germany's sixteen constitu ...
, , Germany , , Various engines, components, transmission parts and fuel systems , , 2,538 , ,
, -
,
Bremen , , Germany , , C-Class (
sedan,
estate &
coupé), E-Class (coupé and
convertible),
SLK,
SL, GLK , , 12,714 , ,
, -
,
Buenos Aires , , Argentina , ,
Sprinter (body and assembly)
Assembly of
chassis , , 1,783 , ,
, -
,
Charleston,
South Carolina , , USA , , Sprinter (assembly) , , 104 , ,
, -
,
Detroit
Detroit ( , ; , ) is the largest city in the U.S. state of Michigan. It is also the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. The City of Detroit had a population of 639,111 at t ...
,
Michigan
Michigan () is a state in the Great Lakes region of the upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the 10th-largest state by population, the 11th-largest by area, and t ...
, , USA , , Engines, transmissions, axle assembly , , 2,164 , ,
, -
,
Düsseldorf
Düsseldorf ( , , ; often in English sources; Low Franconian and Ripuarian: ''Düsseldörp'' ; archaic nl, Dusseldorp ) is the capital city of North Rhine-Westphalia, the most populous state of Germany. It is the second-largest city in ...
, , Germany , , Sprinter (body and assembly) , , 6,571 , ,
, -
,
East London , , South Africa , , C-Class (sedan) , , 2,743 , ,
, -
,
Fuzhou , , China , ,
Vito
Vito is an Italian name that is derived from the Latin word "''vita''", meaning " life".
It is a modern form of the Latin name Vitus, meaning "life-giver," as in San Vito or Saint Vitus, the patron saint of dogs and a heroic figure in southern ...
,
Viano, Sprinter
(body and assembly) , , 1,544 , ,
, -
,
Gaggenau , , Germany , ,
Manual
Manual may refer to:
Instructions
* User guide
* Owner's manual
An owner's manual (also called an instruction manual or a user guide) is an instructional book or booklet that is supplied with almost all technologically advanced consumer ...
and
automatic transmissions, axles,
torque converters & pressed parts , , 6,280 , ,
, -
,
Gastonia,
North Carolina
North Carolina () is a U.S. state, state in the Southeastern United States, Southeastern region of the United States. The state is the List of U.S. states and territories by area, 28th largest and List of states and territories of the United ...
, , USA , , Parts production , , 1,262 , ,
, -
,
Hambach , , France , ,
Smart Fortwo and
smart electric drive
The Smart EQ Fortwo, formerly Smart Fortwo electric drive, ''smart ed'' or Smart Fortwo EV, is a battery electric vehicle variant of the Smart Fortwo city car made by Smart.
The Smart EQ Forfour is an electric variant of the larger Smart Forfo ...
, , 822 , ,
, -
,
Hamburg , , Germany , ,
Axles and axle components, steering columns, components for exhaust emission technology and lightweight structural parts , , 2,752 , ,
, -
,
Kassel , , Germany , , Axles,
drive shafts & other components , , 2,820 , ,
, -
,
Kecskemét , , Hungary , ,
B-Class &
CLA-Class , , 3,358 , ,
, -
,
Kölleda , , Germany , ,
Three- and four-cylinder engines
, , 914 , ,
, -
,
Ludwigsfelde
Ludwigsfelde is a town in the north of the district Teltow-Fläming in Brandenburg.
Geography
Location
The town is located south of Berlin in the district Teltow-Fläming on the plateau of Teltow. In earlier times, it was part of the district ...
, , Germany , , Sprinter (body and assembly) , , 1,993 , ,
, -
,
Mannheim
Mannheim (; Palatine German: or ), officially the University City of Mannheim (german: Universitätsstadt Mannheim), is the second-largest city in the German state of Baden-Württemberg after the state capital of Stuttgart, and Germany's ...
, , Germany , , Foundry, engines (production &
remanufacturing) and green technology engines) , , 5,113 , ,
, -
,
Pune , , India , ,
C-Class,
E-Class,
GL-Class
The Mercedes-Benz GLS, formerly Mercedes-Benz GL-Class, is a full-size luxury SUV produced by Mercedes-Benz since 2006. In each of its generations it is a three-row, seven-passenger vehicle positioned above the GLE (formerly Mercedes-Benz M-Class ...
,
M-Class,
S-Class, Research and Development , , 717 , ,
, -
,
Rastatt , , Germany , ,
A-Class, B-Class &
GLA-Class , , 6,557 , ,
, -
,
Sámano-Castro Urdiales , , Spain , , Chassis , , 246 , ,
, -
,
Sindelfingen , , Germany , , E-Class (sedan and estate),
S-Class,
CL-Class,
CLS-Class,
AMG GTResearch and development , , 26,134 , ,
, -
,
Stuttgart , , Germany , , Company headquarters
Engines, axles, transmissions & other components
Pre-commissioning foundry and
forgeResearch and development , , 17,973 , ,
, -
,
Toluca , , Mexico , , Refurbishing of engines, transmissions and other components, , ,
, -
,
Tuscaloosa,
Alabama , , USA , , C-Class,
M-Class,
R-Class,
GL-Class
The Mercedes-Benz GLS, formerly Mercedes-Benz GL-Class, is a full-size luxury SUV produced by Mercedes-Benz since 2006. In each of its generations it is a three-row, seven-passenger vehicle positioned above the GLE (formerly Mercedes-Benz M-Class ...
, , 3,127 , ,
, -
,
Vitoria-Gasteiz , , Spain , , Vito, V-Class
(body and assembly) , , 3,293 , ,
, -
,
Wanaherang, Gunung Putri,
Bogor , ,
Indonesia
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Gui ...
, ,
Mercedes-Benz A Class,
Mercedes-Benz C Class,
Mercedes-Benz E Class
The Mercedes-Benz E-Class is a range of executive cars manufactured by German automaker Mercedes-Benz in various engine and body configurations. Produced since 1953, the E-Class falls midrange in the Mercedes line-up, and has been marketed world ...
,
Mercedes-Benz GLA Class,
Mercedes-Benz GLC Class,
Mercedes-Benz GLE Class,
Mercedes-Benz GLS Class,
Mercedes-Benz S Class
The Mercedes-Benz S-Class, formerly known as ''Sonderklasse'' (German for "special class", abbreviated as "S-Klasse"), is a series of full-sized luxury sedans, limousines and armored sedans produced by the German automaker Mercedes-Benz, a divis ...
, , , ,
, -
,
Samut Prakarn(Thonburi Automotive) , ,
Thailand
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is b ...
, ,
Mercedes-Benz C Class,
Mercedes-Benz E Class
The Mercedes-Benz E-Class is a range of executive cars manufactured by German automaker Mercedes-Benz in various engine and body configurations. Produced since 1953, the E-Class falls midrange in the Mercedes line-up, and has been marketed world ...
,
Mercedes-Benz GLC Class,
Mercedes-Benz GLE Class,
Mercedes-Benz GLS Class,
Mercedes-Benz S Class
The Mercedes-Benz S-Class, formerly known as ''Sonderklasse'' (German for "special class", abbreviated as "S-Klasse"), is a series of full-sized luxury sedans, limousines and armored sedans produced by the German automaker Mercedes-Benz, a divis ...
, , , ,
Holdings
In 2015, Daimler held interests in the following companies:
*89.29%
Mitsubishi Fuso Truck and Bus Corporation of Japan
*50%
Denza
Shenzhen BYD New Energy Co., Ltd., trading as Denza, is an automobile manufacturing company headquartered in Shenzhen, China, specialising in luxury electric cars and an equally owned joint venture between BYD and the Mercedes-Benz Group. Foun ...
(Shenzhen BYD Daimler New Technology Co., Ltd)
*12%
Beijing Automotive Group
Beijing Automotive Group Co., Ltd. (BAIC) is a Chinese state-owned automobile manufacturer headquartered in Shunyi, Beijing. Founded in 1958, it is the sixth largest automobile manufacturer in China, with 1.723 million sales in 2021.
The com ...
(BAIC)
*15%
KAMAZ of Russia
*20%
Aston Martin Lagonda
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
Rolls-Royce Power Systems AG is a German company owned by Rolls-Royce Holdings with holdings in engine manufacturing brands and facilities. The company previously traded, from 2006 to 2014, as Tognum AG. Prior to 2006, the core company – MTU ...
AG.
Daimler used to own 50.1%
Automotive Fuel Cell Cooperation of Canada but the joint venture was closed in 2018.
Joint ventures and alliances
FAW and later Beijing Automotive Group
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
Beijing Benz (officially Beijing Benz Automotive Co., Ltd) is an automotive manufacturing company headquartered in Beijing, China, and a joint venture between BAIC Motor and Mercedes-Benz Group.
It was originally established in January 1984 as ...
was a joint venture between Chrysler and
BAIC Motor. After DaimlerChrysler was formed, its legal name was changed to
Beijing Benz
Beijing Benz (officially Beijing Benz Automotive Co., Ltd) is an automotive manufacturing company headquartered in Beijing, China, and a joint venture between BAIC Motor and Mercedes-Benz Group.
It was originally established in January 1984 as ...
in 2004, and it started producing Mercedes-Benz models in 2006.
The partnership has continued during the Daimler AG era.
In February 2013, Daimler acquired a 12% stake in BAIC Motor, becoming the first western car manufacturer to own a stake in a Chinese company.
Daimler works with China's
Beiqi Foton (a subsidiary of BAIC) to build Auman trucks.
Force Motors
Daimler has partnered with
Force Motors since the 1950s, they let Force Motors use the
OM616 on the
Force Gurkha and
Trax.
Denza
In 2010
BYD Auto and Daimler AG created a new joint venture Shenzhen BYD Daimler New Technology Co., Ltd. In 2012 the new brand Denza was launched by the joint venture to specialise in electric cars.
Fujian Benz
In 2007 Daimler created a joint venture with
Fujian Motors Group
The Fujian Motors Group is based in the Fujian Province, China and was founded in 1992.
Group companies include Fujian Benz (50% joint venture with Daimler AG), Soueast Motors (50%), King Long (a bus manufacturer) (15%) and Higer Bus.
Brands ...
and
China Motor Corporation and created
Fujian Benz
Fujian Benz Automotive Co., Ltd., formerly Fujian Daimler Automotive Co., Ltd., is a light commercial vehicle manufacturing company based in Fuzhou, and a joint venture between Daimler Vans Hong Kong Limited (a joint venture of the Mercedes-Benz Gr ...
(originally Fujian Daimler Automotive Co.).
SsangYong Motors
Between 1990 and 2010 SsangYong partnered with
Daimler-Benz. The deal was for SsangYong to develop an
SUV with
Mercedes-Benz technology. This was supposedly to allow SsangYong to gain footholds in new markets without having to build their own infrastructure (utilizing existing Mercedes-Benz networks) while giving Mercedes a competitor in the then-booming
SUV market. This resulted in the
Musso, which was sold first by Mercedes-Benz and later by SsangYong. SsangYong further benefited from this alliance, long after
Daimler-Benz stopped selling the Musso, producing a badge engineered version of the
Mercedes-Benz MB100, the
Istana ''Istana'' is an Indonesian and Malay word meaning " palace".
Notable Istanas
*Istana Alam Shah, the official palace of the Sultan of Selangor
*Istana Besar, 19th- and early 20th-century residence of the Sultan of Johor
*Istana Bogor, one of the p ...
and using Daimler designs in many other models, including the second-generation
Korando
The SsangYong Korando (Korean: 쌍용 코란도) is a mini SUV or compact crossover SUV built by the South Korean automobile manufacturer SsangYong from 1983 to 2006 and from 2010 onwards. The name Korando is a contraction of "Korea Can Do".
The ...
(engine and transmission), the
Rexton (transmission), the
Chairman H (chassis and transmission) and the
Kyron (transmission). Ssangyong Also Partnered with Daewoo Motors to sell the Chairman, Korando, Istana, and Musso to the rest of South Korea and Asia, Ssangyong later partnered with SAIC (Roewe) to rebadge the
Chairman W in china as the Roewe R95/850 and the
Kyron as
Roewe W5
The Roewe W5 is a mid-size luxury SUV manufactured by Roewe in China. It was first unveiled at the 2011 Auto Shanghai Exhibition.
Overview
The Roewe W5 is based on the SsangYong Kyron and was sold exclusively in China. It features a 1.8-litre, ...
and also use the
Mercedes-Benz 5G-Tronic transmission for the W5, SAIC has been working with Daimler since the 1964 with the
Shanghai SH760
The Shanghai SH760 is a car produced in China from 1965 to 1991 primarily for government officials not important enough to warrant a FAW Hongqi and as a taxi. The design was based on the Mercedes-Benz 220S (W180) from 1954, with modified front a ...
using a modified
W121 chassis.
Micro
Micro may refer to:
Measurement
* micro- (μ), a metric prefix denoting a factor of 10−6
Places
* Micro, North Carolina, town in U.S.
People
* DJ Micro, (born Michael Marsicano) an American trance DJ and producer
* Chii Tomiya (都宮 ち ...
another company that rebadged Ssangyong's like Kyron, Actyon and Rexton using Mercedes-Benz engines.
Renault-Nissan-Mitsubishi and Daimler Alliance
On 7 April 2010,
Renault
Groupe Renault ( , , , also known as the Renault Group in English; legally Renault S.A.) is a French multinational automobile manufacturer established in 1899. The company produces a range of cars and vans, and in the past has manufactured ...
-
Nissan executives,
Carlos Ghosn and
Dieter Zetsche announced a partnership between the three companies. The first fruits of the alliance in 2012 included engine sharing (
Infiniti Q50 utilising Mercedes diesel engines) and a re-badged
Renault Kangoo being sold as a
Mercedes-Benz Citan.
Alternative propulsion
Electric
Daimler AG and the utility company
RWE AG
RWE AG is a German multinational energy company headquartered in Essen. It generates and trades electricity in Asia-Pacific, Europe and the United States. The company is Europe's most climate threatening Company, the world's number two in offsh ...
were set in 2009 to begin a joint electric car and
charging station
A charging station, also known as a charge point or electric vehicle supply equipment (EVSE), is a piece of equipment that supplies electrical power for charging plug-in electric vehicles (including electric cars, electric trucks, electric b ...
test project in the German capital,
Berlin
Berlin ( , ) is the capital and largest city of Germany by both area and population. Its 3.7 million inhabitants make it the European Union's most populous city, according to population within city limits. One of Germany's sixteen constitu ...
, called "E-Mobility Berlin".
Following trials in 2007 and then with
Tesla in 2009,
Daimler is building a production
Smart electric drive
The Smart EQ Fortwo, formerly Smart Fortwo electric drive, ''smart ed'' or Smart Fortwo EV, is a battery electric vehicle variant of the Smart Fortwo city car made by Smart.
The Smart EQ Forfour is an electric variant of the larger Smart Forfo ...
car using Tesla's battery technology. Daimler temporarily invested in Tesla, saving it from bankruptcy.
Daimler's joint venture with BYD has resulted in the creation of the new brand
Denza
Shenzhen BYD New Energy Co., Ltd., trading as Denza, is an automobile manufacturing company headquartered in Shenzhen, China, specialising in luxury electric cars and an equally owned joint venture between BYD and the Mercedes-Benz Group. Foun ...
.
In 2016, Daimler subsidiary ACCUMOTIVE announced their stationary batteries, to store up to 20 kWh of
solar power for later use. Daimler plans to invest €1.5 billion in battery technology, and unveiled a factory in
Kamenz
Kamenz () or Kamjenc ( Sorbian) is a town (''Große Kreisstadt'') in the district of Bautzen in Saxony, Germany. Until 2008 it was the administrative seat of Kamenz District. The town is known as the birthplace of the philosopher and poet Gott ...
in May 2017.
In September 2019, Daimler redirected its
internal combustion engine development initiatives to focus on
electric vehicle technologies,
[ leaving electric propulsion rather less of an "alternative" and more the Daimler mainline. Their Research and Development department has developed a compostable battery that uses graphene-based organic cell chemistry. This means that no rare, toxic metals are needed for the battery, which makes it 100% recyclable.
]
Fuel cell
Daimler has been involved with fuel cell vehicle
A fuel cell vehicle (FCV) or fuel cell electric vehicle (FCEV) is an electric vehicle that uses a fuel cell, sometimes in combination with a small battery or supercapacitor, to power its onboard electric motor. Fuel cells in vehicles generate e ...
development for some time, with a number of research and concept vehicles shown and demonstrated, the first being the 2002 Mercedes-Benz F-Cell
The F-Cell is a hydrogen fuel cell electric vehicle developed by Daimler AG. Two different versions are known - the previous version was based on the Mercedes-Benz A-Class, and the new model is based on the Mercedes-Benz B-Class. The first genera ...
car and the Mercedes-Benz Citaro hydrogen bus. In 2013, the Renault-Nissan/Daimler alliance was joined by Ford to further develop the fuel cell technology with an aim for production by 2017.
Hybrid
Mercedes-Benz launched its first passenger car model equipped with a hybrid drive system in summer 2009, the Mercedes-Benz S-Class 400 Hybrid. and the Citaro Hybrid bus in 2007. Daimler Trucks
Daimler Truck AG (holding company legal name Daimler Truck Holding AG) is one of the world's largest commercial vehicle manufacturers, with over 35 main locations worldwide and approximately 100,000 employees. Daimler Truck AG is headquartered in ...
and Mitusbishi Fuso have also trialed various hybrid models including the Mitsubishi Fuso Canter Eco Hybrid
The Mitsubishi Fuso Canter Eco Hybrid is a hybrid diesel-electric commercial truck made and sold by the Mitsubishi Fuso Truck and Bus Corporation in Japan. The vehicle is being produced at the company’s Kawasaki Manufacturing Plant, in Kawasaki ...
and Mitsubishi Fuso Aero Star
The Mitsubishi Fuso Aero Star ( kana:三菱ふそう・エアロスター) is a heavy-duty single-decker bus produced by the Japanese manufacturer Mitsubishi Fuso. The range was available as either a public bus or a coach. Its principal compe ...
Aero Star Eco Hybrid bus.
Biofuel research
Daimler AG is involved in a joint project with Archer Daniels Midland Company
The Archer-Daniels-Midland Company, commonly known as ADM, is an American multinational food processing and commodities trading corporation founded in 1902 and headquartered in Chicago, Illinois. The company operates more than 270 plants and 4 ...
and Bayer CropScience
Bayer AG (, commonly pronounced ; ) is a German multinational pharmaceutical and biotechnology company and one of the largest pharmaceutical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include pharmaceutica ...
to develop the semi-evergreen shrub jatropha curcas as a biofuel.
Formula One
On 16 November 2009, Daimler and Aabar Investments purchased a 75.1% stake in Brawn GP (Daimler holding 45.1%). The company was rebranded as Mercedes GP
Mercedes-Benz, a brand of the Mercedes-Benz Group, has been involved in Formula One as both team owner and engine manufacturer for various periods since 1954. The Mercedes-AMG Petronas F1 Team, which is based in Brackley, England, and possesses ...
with its base in Brackley, UK and Ross Brawn remaining team principal. The Brawn purchase led to Daimler selling back its stake in McLaren in stages, completed in 2011. Mercedes continued to provide sponsorship and engines to McLaren until 2014.
Prior to the 2011 season, Daimler and Aabar Investments purchased the remaining 24.9% stake owned by the team management in February 2011. In November 2012 Aabar Investments sold its remaining shares, leaving the team (rebranded as Mercedes AMG Petronas F1 Team) wholly Daimler-owned.
Daimler also owns Mercedes AMG High Performance Powertrains which, as of 2021, supplied engines to Aston Martin, Williams and McLaren, in addition to Mercedes AMG Petronas.
O-Bahn
The O-Bahn
Guided buses are buses capable of being steered by external means, usually on a dedicated track or roll way that excludes other traffic, permitting the maintenance of schedules even during rush hours. Unlike trolleybuses or rubber-tired trams ...
system was conceived by Daimler-Benz to enable buses to avoid traffic congestion by sharing tram tunnels in the German city of Essen. However, the project did not materialise there; the project was built in the Australian city of Adelaide.
Bribery and corruption
On 1 April 2010, Daimler AG's German and Russian subsidiaries each pleaded guilty to two counts of bribery charges brought by the U.S. Justice Department and the U.S. Securities and Exchange Commission. The parent company made a US$185 million settlement
Settlement may refer to:
* Human settlement, a community where people live
*Settlement (structural), the distortion or disruption of parts of a building
*Closing (real estate), the final step in executing a real estate transaction
*Settlement (fin ...
, but the company and its Chinese subsidiary remained subject to a two-year deferred prosecution agreement requiring further cooperation with regulators, adherence to internal controls and meeting other terms before final sentencing. Daimler would face harsher penalties should it fail to meet the terms of the agreement during the two-year period.
Additionally, Louis J. Freeh, a former director of the Federal Bureau of Investigation, served as an independent monitor to oversee Daimler's compliance with anti-bribery laws.
U.S. prosecutors accused key executives of Daimler, Daimler subsidiaries, and Daimler affiliates of illegally showering foreign officials with money and gifts between 1998 and 2008 to secure government contracts around the world. The investigation for the case revealed that Daimler improperly paid some $56 million in bribes related to more than 200 transactions in at least 22 countries (including China, Russia, Turkey, Hungary, Greece, Latvia, Serbia and Montenegro, Egypt, and Nigeria, among other places) that, in return, awarded the company $1.9 billion in revenue and at least $91.4 million in illegal profits.
The SEC case was sparked in 2004 after David Bazzetta, a former auditor at then DaimlerChrysler Corp, filed a whistleblower complaint after he was fired for raising questions about bank accounts controlled by Mercedes-Benz units in South America. Bazzetta alleged that he learned in a July 2001 corporate audit executive committee meeting in Stuttgart that business units "continued to maintain secret bank accounts to bribe foreign government officials", though the company knew the practice violated U.S. laws.
In another attempt to silence Bazzetta, Daimler later offered to settle his termination of employment suit out of court and he eventually accepted a settlement. But Daimler's strategy with Bazzetta proved to be a failure as the U.S. criminal investigation for violating anti-bribery laws was already underway in what has been one of the most wide-ranging cases brought against a foreign corporation.
According to the charges, the bribes were frequently made by over-invoicing customers and paying the excess back to top government officials or their proxies. The bribes also took the form of luxury European vacations, armored Mercedes vehicles for high-ranking government officials and a birthday gift to the dictator of Turkmenistan, Turkmenbashi ( Saparmurat Niyazov), including a golden box and 10,000 copies of his personal manifesto, ''Ruhnama
The Ruhnama, or Rukhnama, translated in English as Book of the Soul, is a two volume work written by Saparmurat Niyazov, the President of Turkmenistan from 1990 to 2006. It was intended to serve as a tool of state propaganda, emphasizing the bas ...
'', translated into German.
Investigators also found that the firm violated the terms of the United Nations' Oil-for-Food Programme with Iraq
Iraq,; ku, عێراق, translit=Êraq officially the Republic of Iraq, '; ku, کۆماری عێراق, translit=Komarî Êraq is a country in Western Asia. It is bordered by Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq ...
by giving kickbacks worth 10% of the contract values to officials within the Iraqi government, then led by Saddam Hussein. The SEC said the company made more than $4 million in profit from the sale of vehicles and spare parts in the corrupt oil-for-food deals.
U.S. prosecutors further alleged that some bribes were paid through shell companies
A shell corporation is a company or corporation that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or ...
based in the U.S. "In some cases Daimler wired these improper payments to U.S. bank accounts or to the foreign bank accounts of U.S. shell companies in order to transmit the bribe", the court papers said.
Prosecutors said that Daimler engaged in a "long-standing practice" of paying bribes, due in part to a corporate culture that encouraged the practice.
"Using offshore bank accounts, third-party agents and deceptive pricing practices, aimler AG, its subsidiaries and its affiliatessaw foreign bribery as a way of doing business," said Mythili Raman
Mythili Raman is a Tamil American lawyer and the former acting Assistant Attorney General for the United States Department of Justice's Criminal Division.
Early life and family
Mythili is the daughter of Athishdam Tharmaratnam and grand daughte ...
, a principal deputy in the Justice Department's criminal division.
"It is no exaggeration to describe corruption and bribe-paying at Daimler as a standard business practice", Robert Khuzami
Robert S. Khuzami (; born August 2, 1956) was the Deputy U.S. Attorney for the United States Attorney's Office for the Southern District of New York until March 22, 2019. He previously was a United States federal prosecutor and Assistant United ...
, director of the SEC's enforcement division, said in a statement.
As per the agreement with prosecutors, the two Daimler subsidiaries admitted to knowingly violating the Foreign Corrupt Practices Act, which bars companies and their officials from paying bribes to foreign officials to win business. The Foreign Corrupt Practices Act applies to any company that lists its shares on U.S. stock exchanges. Daimler AG was listed with the symbol "DAI" on the New York Stock Exchange, giving the Justice Department jurisdiction over the German car maker's payments in countries around the globe. Judge Richard J. Leon of the United States District Court in Washington, D.C., approved the plea agreement and settlement, calling it a "just resolution". Daimler AG agreed to settle for $2.2 billion to US and California state regulators.
References
Notes
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{{Authority control
Vehicle manufacturing companies established in 1926
German brands
Bus manufacturers of Germany
Car manufacturers of Germany
Companies listed on the Frankfurt Stock Exchange
Multinational companies headquartered in Germany
Aabar Investments
Companies in the Euro Stoxx 50
Quandt family
Renault–Nissan–Mitsubishi Alliance
German companies established in 1926