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Mercedes-Benz History
Mercedes-Benz is the world's oldest automaker. Established in 1871, Benz & Cie. was the most important of several companies founded by Karl Benz. Daimler Motoren Gesellschaft-(DMG) was founded by Gottlieb Daimler and his partner Wilhelm Maybach in 1890. Daimler died in 1900 and Maybach left DMG in 1907. By then, Benz & Cie. and DMG were rivals. In 1924, owing to economic necessity after World War I, they entered into an "Agreement of Mutual Interest" valid until the year 2000. This initial agreement still allowed each company to manufacture and sell their products under their original brand names. After the official merger in June 28, 1926, the firm became known as Daimler-Benz. The hyphenated brand name Mercedes-Benz was established after that merger.

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