List of Companies owned by the Daimler AG Group

Daimler AG Group is a leading international automotive company based in Germany. Daimler AG was formerly known as Daimler-Benz, DaimlerChrysler, or Daimler. In order to manufacture luxury cars and trucks, the Daimler AG group holds the 13th and 2nd position respectively in the world. The term AG is the abbreviation of Aktiengesellschaft which is a German term. Along with the manufacturing of cars and trucks, Daimler AG group also manufactures buses, and commercial vehicles and provides financial services through its Daimler Financial Services arm. Daimler AG group was founded in the year 1926 merging two companies namely Benz & Cie. and Daimler Motoren Gesellschaft AG. The company produces its products in around 17 countries. In this article, we provide complete information about Daimler AG group including many important features such as its history, list of companies owned by Daimler AG group, and many more.

Daimler AG Group Highlights

Parameter	Details
Year of Establishment	1926 ( Daimler-Benz) 2007 ( Daimler AG)
Headquarters	Stuttgart, Germany
Founder	Carl Benz Wilhelm Lorenz Daimler
Key People	Ola Kallenius (CEO & chairman of the managing board) Bernd Pischetsrieder (Chairman of the Supervisory Board)
Market Capitalization	$85.59 Billion
Revenue	153.2 billion euros
Area served	Worldwide
Industry	Automotive
Products	Automobiles, commercial vehicles
Employees	298,700
Website	daimler.com

Daimler AG Group History

Daimler AG Group is a world’s leading car and truck manufacture company. Today’s Daimler AG Group comes at this position after many historic steps. The historic steps are as follow –

• Two engineers – Carl Benz and Gottlieb Daimler invented gasoline powered auto engine for the first time in the mid of 1880s .Benz built his first gasoline engine three wheeler car in 1885 and started selling from 1887 and Daimler built gasoline based power engine in 1883 and got the patent of three wheeler gasoline engine in 1885.
• After the failure of three wheeler gasoline engine, Benz manufactured a four wheeler vehicle in 1990 with the help of his engineers. In the same year, Daimler established a firm Daimler-Motoren-Gesellschaft and this firm was used to manufacture autos.
• On that time Daimler started to manufacture luxury cars. The first produced luxury car was sold to the sultan of Morocco in 1889.
• In 1900s, a diplomat and businessman, Emil Jellinek gave an idea to Daimler to manufacture high performance car. In return, Emil Jellinek wanted that the new manufactured car be named after his daughter name – Mercedes. Daimler agreed to Emil Jellinek’s proposal and the history of Mercedes continued. In 1901, Daimler’s Mercedes was first sold. Mercedes star emblem was registered in the year 1909.
• Benz company started to manufacture cars as well as trucks. Due world war 1, the two rivalry company – Benz and Daimler company and their production got disrupted. So they decided to get merge.
• In 1926 Benz and Daimler merged completely in the name of Mercedes-Benz. They started to manufacture cars under the name Mercedes-Benz. At that time they manufactured today’s popular “S” series Mercedes car. The merging company started to produce diesel engines in passenger cars for the first time and this diesel-equipped Mercedes-Benz was finally made in 1936. At that time, Mercedes-Benz became popular all across the world.
• During World War-II , Mercedes-Benz company started to manufacture trucks, tanks and aircraft engines in German. In 1944, due to air strikes and bombings, company’s 70% plant was destroyed. However later soon they started to re-establish and got success. They again became most popular and successful as before.
• In 1970s, the demand of Mercedes-Benz was so high in Germany and abroad which made Mercedes-Benz Germany’s largest automaker company. Mercedes-Benz established their plants in many countries outside Germany.
• In the mid of 1980s, Mercedes-Benz company acquired some companies namely AEG AG (a maker of electrical systems, turbine engines, and radio and radar communications systems); Dornier GmbH (aerospace and medical products); and Motoren & Turbinen Union GmbH (aircraft engines).
• In 1998, Mercedes-Benz or Daimler-Benz announced the news of merging with Chrysler Corporation, the American automaker company. The merging was done by the stock swap with an amount of more than $35 billion. On the stock market the stock was started trading under the new name DaimlerChrysler. According to the terms and conditions of the merger, they had two separate headquarters and chairmen. The official language of DaimlerChrysler was English by the agreement. In addition, the two brand identities would be kept separate i.e., no Mercedes would be sold at Chrysler dealership and vice versa.
• In 2000, DaimlerChrysler acquired 34% of Mitsubishi Motors , a Japanese automaker company. It strengthen the DaimlerChrysler company. It became world’s third largest automaker (after General Motors Corporation and the Ford Motor Company). However the merger with Mitsubishi Motors was not profitable. In the year 2001, DaimlerChrysler sold Adtranz, a supplier of rail systems and in the year 2005 DaimlerChrysler had completely divested the Mitsubishi Motors stake.
• In October 2007, DaimlerChrysler was renamed as Daimler AG.
• Daimler AG became Mercedes-Benz Group AG on February 1, 2022.

Daimler AG Group Business List

Daimler AG Group is mainly famous for the manufacturing of luxury cars, trucks, buses and other commercial vehicles under various brands. The complete business list of Daimler AG Group is given below –

• Daimler Truck
• Thomas Built Buses
• BharatBenz
• Fuso
• Western Star
• Setra
• Smart
• Freightliner
• Daimler Buses
• Daimler Financial Services
• Daimler Mobility
• Daimler India Commercial Vehicles

Top Companies Owned by Daimler AG Group

Company Name	Founded/Acquired in	Founder/CEO	Experience
Mercedes-Benz	1926	Karl Benz	Manufacturer of top class Mercedes-Benz series car namely A, B, C, E, G, M, S and X-Class and also manufacturer of electric cars under series EQ.
MercedesAMG	2005	Hans Werner Aufrecht and Erhard Melcher	Manufacturer of high-power engines for luxury vehicles
Mercedes-Maybach	2015	Wilhelm Maybach	Luxury vehicles manufacturer, used high-speed gearbox technology.
Fuso	2006	Mitsubishi Shipbuilding	heavy-duty vehicle manufacturer.
Western Star	2000	White Motor Company	durable truck manufacturer
Smart	2006	Mercedes-Benz.	Electric car manufacturer
Freightliner	1981	US-based trucker Leland James	Making truck bodies from Aluminium to reduce the heavy weight.
BharatBenz	2012	Daimler India Commercial Vehicles	Trucks and buses manufacturer. Initially, this company was worked jointly with Daimler AG and Hero Group.
Setra	1995	EvoBus, formerly by Kässbohrer Fahrzeugwerke	Commercial and heavy-duty vehicle manufacturer.
Thomas Built Buses	1998	Freightliner LLC	Manufacture school buses.

Conclusion

Daimler AG Group is the topmost company in the world for its excellence brand values and technologies. There were many companies that were acquired by the Daimler AG group. Recently in 2022 on 1st feb, the company Daimler AG Group name was changed and the new name is Mercedes-Benz Group AG.

Companies owned by the Daimler AG Group – FAQs

What brands are under Daimler AG Group?

Daimler AG Group is a world’s leading company that manufactures cars and trucks under the brands namely – Mercedes Benz, Maybach, Fuso, Smart, Setra, Thomas Built, Western Star, FREIGHTLINER, Bharat Benz etc.

Who is the largest shareholder of Daimler AG?

The Mercedes Benz group has the largest shareholding of Daimler AG.

In which year Chrysler company merged with Daimler?

In the year 1998, the Chrysler company merged with Daimler and formed a new name DaimlerChrysler.

Does BMW own Daimler AG?

No, BMW is not owned by Daimler AG. The BMW company is owned by BMW AG, a German based company. The BMW and Daimler AG are competitor of each other.

Who is the CEO of Daimler India?

Satyakam Arya is the CEO of Daimler India. He is serving as CEO from November 1st, 2018.