What Companies Does Mercedes Own?

Mercedes owns a lot of other companies including AMG, Smart, Maybach, Setra, and others.

Mercedes-Benz is known for being one of the most prestigious and luxurious car brands in the world. However, this German automobile manufacturer has more than just the Mercedes-Benz line under its belt. It also owns several other companies and brands that contribute to its impressive portfolio.

From luxury vehicles to commercial trucks, there’s no denying that this iconic brand is here to stay for many years to come. It has a wide range of subsidiaries that contribute to its success and helps it stay ahead of the game in terms of quality, technology, and innovation.

This article explores what companies does Mercedes own and much more about the Mercedes brand. Keep reading…

Who Owns Mercedes-Benz?

Mercedes-Benz is owned by the German multinational corporation, Daimler AG, which also owns other renowned car brands such as Smart and Maybach.

Daimler AG was founded in 1926 and has since then been synonymous with outstanding quality and innovation in the automobile industry. Mercedes is a household name in the world of luxury cars and is revered for its high-quality engineering and sleek design.

What Companies Does Mercedes Own?

The following are the companies owned by Mercedes:

1. Smart

A German-based company that produces small and compact cars, the brand was purchased by Daimler AG in 1994. Smart vehicles are known for their efficiency and eco-friendly nature as they utilize advanced technologies such as hybrid powertrains and electric drives.

2. Maybach

This company is responsible for manufacturing some of the most luxurious cars on the market today. Its models feature exclusive materials, state-of-the-art technology, and bespoke features that make them one of a kind. The Mercedes-Benz S class, which is one of its most popular models, showcases all these qualities at an affordable price point.

3. AMG

Specializing in high-performance models, AMG is a tuning and development company owned by Mercedes-Benz. It produces some of the most powerful cars in the world and has become synonymous with luxury and power.

4. Freightliner

A manufacturer of commercial vehicles, Freightliner was acquired by Daimler AG in 1981. The brand produces some of the toughest trucks on the market, which are used for a variety of applications such as trailer hauling and long-distance transport.

5. Setra

Specializing in passenger buses, Setra is known for its luxurious interiors and advanced technologies that make traveling more comfortable and enjoyable. The brand was acquired by Daimler AG in 1995 and continues to be one of its most successful subsidiaries.

6. Daimler Financial Services AG

The financial arm of the company, Daimler Financial Services AG provides financing and leasing solutions for Mercedes-Benz as well as other brands owned by the group.

7. Mercedes-Benz Bank AG

The banking arm of the company, Mercedes-Benz Bank AG provides a range of financial services to its customers. These include credit and debit cards, loans, insurance plans, and more.

8. Mitsubishi Fuso Truck and Bus Corporation (MFTBC)

Acquired by Daimler AG in 1991, MFTBC is a Japan-based company that specializes in producing commercial vehicles.

When Was Mercedes Founded?

Mercedes-Benz was established in 1926, but its roots go back even further to the late 19^th century when Karl Benz invented the first gasoline-powered car.

Over the years, Mercedes has become synonymous with luxury, innovation, and quality. From its classic designs to its cutting-edge technology, Mercedes-Benz continues to be a leader in the automotive world.

Who is the CEO of Mercedes?

The current CEO of Mercedes is Ola Källenius who assumed the role in 2019 succeeding Dieter Zetsche, who held the position for over a decade.

Källenius is not only the CEO of Mercedes, but he is also the chairman of the board of directors. He has been with the company for over 25 years and has held various positions including Head of AMG.

What is Mercedes Net Worth?

As of June 2023, Mercedes-Benz has a market cap of $81.06 billion. This makes Mercedes-Benz the world’s 162nd most valuable company by market cap.

In 2021, the net worth of Mercedes was estimated to be around $70 billion making it one of the wealthiest automakers in the world.

This impressive sum can be attributed to numerous factors, including the company’s reputation for quality and the popularity of its cars among the elite. Despite the ups and downs in the automotive industry, Mercedes has managed to maintain its position as a top player and continues to grow its revenue day by day.

Where is the headquarters of Mercedes?

Mercedes-Benz has its headquarters located in Stuttgart, Germany. The stunning building stands tall and majestic, representing the brand’s prestige and prominence. With a vast network of production facilities and offices worldwide, Mercedes-Benz’s headquarters is a hub of ideas, innovation, and excellence that drives the brand forward.

What is the Annual Revenue of Mercedes?

Mercedes generated an impressive lift in Earnings Before Interest and Taxes (EBIT) by 28% to €20.5 billion (2021: €16.0 billion) last year outpacing a 12% rise in revenue to €150.0 billion (2021: €133.9 billion) during the same period.

Mercedes-Benz Group AG’s sharpened focus on high-end passenger cars and premium vans, combined with tight cost control. previously it managed to have $184.4 billion in revenue in 2020 alone.

How Many Employees Does Mercedes Have?

Mercedes employs over 300,000 people worldwide. These employees work in a variety of positions from design and engineering to sales and manufacturing.

Such a large and diverse workforce allows Mercedes to continue producing high-quality vehicles and maintaining their position as a leader in the automotive industry. Mercedes is a globally recognized brand that has dominated the luxury car market for decades. Customers who purchase these cars expect the highest quality, which requires a large workforce of skilled employees.

Final Words

Mercedes brand continues to be a major player in the luxury vehicle market. Owned by Daimler AG, Mercedes has been around since 1886 and currently operates out of Stuttgart, Germany. The current CEO is Ola Källenius while its annual revenue reaches over $193 billion and employs over 300,000 people. Its net worth is estimated at around 140 billion euros and continues to grow each year.

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