Mercedes-Benz Group

"Daimler AG" redirects here. For the British automotive corporation, see Daimler Company. For other uses, see Daimler (disambiguation).
"DaimlerChrysler" redirects here. For the American division, see Chrysler.

Mercedes-Benz Group AG
Formerly
  • Daimler-Benz AG (1926–1998)
  • DaimlerChrysler AG (1998–2007)
  • Daimler AG (2007–2022)
Company typePublic
ISINDE0007100000 Edit this on Wikidata
IndustryAutomotive
Predecessors
Founded28 June 1926; 98 years ago (1926-06-28) (original foundation of Daimler-Benz)
3 August 2007; 17 years ago (2007-08-03) (foundation of Daimler AG)
FoundersCarl Benz
Gottlieb Daimler
Headquarters
Stuttgart
,
Germany
Area served
Worldwide
Key people
ProductsAutomobiles, commercial vehicles
Production output
Increase 2,491,600 (2023 sales)[1]
Brands
RevenueIncrease €153.2 billion (2023)[1]
Decrease €19.66 billion (2023)[1]
Decrease €14.53 billion (2023)[1]
Total assetsIncrease €263.0 billion (2023)[1]
Total equityIncrease €92.82 billion (2023)[1]
Owners
Number of employees
Decrease 166,056 (2023)[1]
Subsidiaries
List
Websitegroup.mercedes-benz.com

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,[4] and Daimler Motoren Gesellschaft in 1926. The company 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 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[5] and by revenue the seventh-largest car manufacturer worldwide in 2023.[6] Also in 2023, the company was ranked 42nd in the Forbes Global 2000.[7] The group provides financial services through its Mercedes-Benz Mobility arm. The company is a component of the Euro Stoxx 50 stock market index.[8] 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.

  1. ^ a b c d e f g "Daimler Annual Report 2023" (PDF). Mercedes-Benz Group. Archived (PDF) from the original on 27 May 2024. Retrieved 3 June 2024.
  2. ^ "Daimler welcomes commitment by long-term partner BAIC". Mercedes-Benz Group. Retrieved 8 February 2022.
  3. ^ "Shareholder Structure".
  4. ^ "Benz & Cie. Eröffnet 1908 das Werk in Mannheim - Initiative Kulturgut Mobilität".
  5. ^ McElroy, John (21 April 2022). "The Numbers Tell the Story: Who's the Best Car Company in the World?". Ward's. Retrieved 24 May 2023.
  6. ^ https://de.statista.com/statistik/daten/studie/30723/umfrage/umsatz-der-weltweit-fuehrenden-automobilhersteller/
  7. ^ "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.
  8. ^ "Frankfurt Stock Exchange". Archived from the original on 19 November 2015.