There are many car companies in the world, but Mercedes Benz is one of the most prestigious. This company has a long and storied history, and it is now owned by Daimler AG. Let’s take a closer look at this company and find out more about who owns Mercedes Benz Corporation.
History of Mercedes Benz
When looking for a Mercedes in Peoria, you have plenty of choices in 2022. However, it wasn’t always this way. The company has a long and complicated history that started in 1886. Karl Benz invented the first gasoline-powered car, which was called the Benz Patent Motorwagen. Soon after, Gottlieb Daimler and Wilhelm Maybach created their own company and started making cars simultaneously.
The two companies would come to dominate the automotive market in Europe, and they would frequently cooperate. In 1926, they eventually merged to form the Daimler-Benz company. Yet, they would still operate as separate entities until 1998 when they finally merged to form the Mercedes Benz Corporation that we know today.
The Mercedes Benz Corporation is currently owned by Daimler AG, which is a German multinational automotive corporation. Daimler AG owns a variety of other automotive companies in addition to Mercedes Benz, such as Aston Martin, Maybach, Smart, and more. The company is headquartered in Stuttgart, Germany, and it is currently the world’s twelfth-largest automotive company by market capitalization. Just some of the names ahead of them include Toyota, Volkswagen, and Honda.
Daimler AG has been through its fair share of ups and downs, but it seems to be doing relatively well currently. In 2019, they had a revenue of about $183 billion, and they employed around 287,000 people worldwide. It will be interesting to see how this company continues to grow and change in the coming years.
Different Departments at Mercedes-Benz
Of course, the company is renowned for high-end road cars, but Mercedes-Benz also offers a diverse range of other vehicles, including buses, vans, trucks, and even trains. The company has its fingers in many different pies, which is likely part of what has helped it to be so successful.
For example, it has dominated the world of F1 since 2014, winning the Constructors Championship every year up to 2021. The company is also a big player in other motorsports, such as DTM and Formula E. Mercedes-Benz sells its cars in almost every country in the world, and it has a network of around 4,600 dealerships. The company also offers a range of finance options and services, which helps to make its cars more affordable.
All this means that Mercedes-Benz is a very powerful and influential company, and this is unlikely to change any time soon.
Popular Mercedes Models
Just some of the popular Mercedes models include the A-Class, C-Class, E-Class, S-Class, and GLE. These are all very luxurious cars that come with a high price tag. However, they are also very well made and offer a great driving experience. The electric range now includes the EQC SUV.
If you have a Mercedes, auto repair in Peoria AZ will allow you to keep your vehicle in top condition and ensure that it retains its value. With Mercedes vehicles, it is important to only use genuine Mercedes parts for replacement and repairs. Therefore, if you own a Mercedes, be sure to find an auto repair shop that specializes in this make.