Mercedes-Benz Group

Mercedes-Benz Group AG

Mercedes-Benz Group AG is one of the world's most successful automotive companies. With Mercedes-Benz AG, we are one of the leading global suppliers of premium and luxury cars and vans. Mercedes-Benz Mobility AG offers financing, leasing, car subscription and car rental, fleet management, digital services for charging and payment, insurance brokerage, as well as innovative mobility services.

The company founders, Gottlieb Daimler and Carl Benz, made history by inventing the automobile in 1886. As a pioneer of automotive engineering, Mercedes-Benz sees shaping the future of mobility in a safe and sustainable way as both a motivation and obligation. The company's focus therefore remains on innovative and green technologies as well as on safe and superior vehicles that both captivate and inspire. Mercedes-Benz continues to invest systematically in the development of efficient powertrains and sets the course for an all electric future: The brand with the three-pointed star pursues the goal to go all electric, where market conditions allow. Shifting from electric-first to electric-only, the world’s pre-eminent luxury car company is accelerating toward an emissions-free and software-driven future. The company's efforts are also focused on the intelligent connectivity of its vehicles, autonomous driving and new mobility concepts as Mercedes-Benz regards it as its aspiration and obligation to live up to its responsibility to society and the environment.

Mercedes-Benz sells its vehicles and services in nearly every country of the world and has production facilities in Europe, North and Latin America, Asia and Africa. In addition to Mercedes-Benz, the world's most valuable luxury automotive brand (source: Interbrand study, 20 Oct. 2021), Mercedes-AMG, Mercedes-Maybach, Mercedes-EQ and Mercedes me as well as the brands of Mercedes-Benz Mobility: Mercedes-Benz Bank, Mercedes-Benz Financial Services and Athlon.

The company is listed on the Frankfurt and Stuttgart stock exchanges (ticker symbol MBG). In 2020, the Group had a workforce of around 288,500 and sold 2.8 million vehicles. Group revenues amounted to €154.3 billion and Group EBIT to €6.6 billion.

Company Ownership

The Mercedes-Benz Group AG is owned by European, U.S. and other international investors. More than one billion shares (December 31, 2020) are circulating.

Global Stock

The stock is listed on the stock exchanges in Frankfurt and Stuttgart.

Headquarters

Stuttgart/Germany

Chairman

Ola Källenius

Board of Management

Consists of eight members.

Supervisory Board

Consists of ten shareholders’ representatives and 10 employees’ representatives. The Supervisory Board appoints the Board of Management and approves important corporate decisions.

Total Revenue

2020: €154,309 million

Automotive Sales

2020: 2,840,402 vehicles

thereof: 2,461,884 Mercedes-Benz Cars & Vans

thereof: 378,518 Trucks & Buses

Brands

Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, Mercedes me, Mercedes-EQ, Mercedes-Benz Bank, Mercedes-Benz Financial Services, Athlon.

Sales Organization

With its strong brands and a comprehensive portfolio of automobiles, Mercedes-Benz is active in nearly all countries in the world.

Official Language

English

Financial Reporting

IFRS accounting (from 2007 onwards); earnings reported quarterly

Mercedes-Benz, often referred to as just Mercedes, is a German manufacturer of luxury automobiles. The company was founded in 1926 by Karl Benz, Gottlieb Daimler, Wilhelm Maybach, and Emil Jellinek and is headquartered in Stuttgart, Germany. Mercedes is the world's most valuable luxury car brand, a position it has held since 2018. The company has offices in ninety-three locations worldwide, including its Stuttgart headquarters, and manufacturers vehicles in seventeen countries that span five continents. Mercedes-Benz is led by Ola Källenius, who serves as chairmen of the board of management, position he has held since 2019. Mercedes's parent company is the Mercedes-Benz Group, formerly named Daimler AG.

While Mercedes-Benz was officially founded in 1926, its origins date back to the 1880s, when Gottlieb Daimler and Wilhelm Maybach purchased a villa in Stuttgart and converted it into an engine test workshop. There, the two men developed a small test engine with a vertical cylinder, nicknamed the "Grandfather Clock" due to its appearance, which could be suitable for powering a motorcar. Around the same time, Karl Benz founded Benz & Cie, a company that produced stationary engines. While the business was a success, Benz had a desire to focus primarily on motorcar engines and dreamed of producing a carriage that moved without horses. Using their new technology, Daimler & Maybach founded Daimler-Motoren-Gesellschaft (DMG) and went on to create the Daimler "riding car," the world's first motorcycle, in 1885. A year later, Benz successfully created the first automobile, the Benz Patent Motor Car, in 1886. DMG and Benz & Cie. remained competitors in the automobile industry for many years until 1926, when post-WWI inflation and poor sales would inspire the companies to merge into a single company: Mercedes-Benz.