Daimler AG

Daimler AG, with its headquarters in Stuttgart of Germany, has a long history of automobile and engine manufacturing. On 1 May 1924, Daimler Motoren Gesellschaft and Benz & Cie signed an Agreement of Mutual Interest. They remained separate entities until 28 June 1926, when they merged to form Daimler-Benz AG and decided to brand their automobiles as Mercedes-Benz. Later in 1998, the company joined with Chrysler Corporation to form DaimlerChrysler AG. However, in 2007, Chrysler was sold to Cerberus Capital Management and the company’s name became Daimler AG.

Daimler AG is a major player in the automotive industry, with more than 100 vehicle models of cars, trucks, vans and buses in approximately 200 countries, plus production facilities on five continents. It also offers automotive financial services in over 40 countries. Businesses falling under Daimler AG are Mercedes-Benz Cars, Mercedes-Benz Vans, Daimler Trucks, Daimler Buses and Daimler Financial Services. Daimler AG’s brand portfolio includes Mercedes-AMG, Mercedes-Benz, smart, Mitsubishi Fuso, Freightliner, Maybach, Western Star, Orion, Sterling, Setra, Detroit Diesel and Thomas Built Buses.

Daimler works to reach sustainable growth and industry-leading profitability. The company feels obligated to produce new technologies and top class products so as to honor its responsibility toward society and the environment. Sustainability is a fundamental principle in the running of Daimler AG’s operations.

Daimler AG is listed on the New York Stock Exchange, plus stock exchanges in Stuttgart and Frankfurt, Germany. The company’s stock exchange abbreviation is DAI. As they are global shares, the stock can be traded on various international stock exchanges. Daimler’s shareholder structure is broken up amongst the following: Aabar Investments, Kuwait, Institutional Investors (the largest % of registered capital stock), Private Investors and Treasury Shares.

 

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