When was the Mercedes merger?
On 7 May 1998, Daimler-Benz Aktiengesellschaft in Germany and Chrysler Corporation in the United States of America signed a merger contract. Simultaneously, Mercedes-Benz launched a strategic model initiative in the car sector. Mercedes-Benz Corporation has been a division of a larger German automobile manufacturer, Daimler AG—but as of February 1, 2022, Daimler AG is now officially known as Mercedes-Benz AG!Mercedes-Benz, which is best known for its luxury vehicles, is a subsidiary of Daimler AG. Freightliner, Thomas Built Buses, Detroit Diesel, and Smart Automobile are also part of Daimler.Mercedes-Benz Group AG is a publicly traded corporation with shares held by global investors, institutional shareholders, and major stakeholders such as the Chinese automotive company BAIC Group and the Kuwait Investment Authority.
How much is a share in Mercedes?
The Mercedes Benz Group share price today is 59. Mercedes-Benz Group has reported revenue of €145. Net profit for the year 2024 also saw a decline, reaching €10.