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Daimler AG becomes Mercedes-Benz Group AG

1 February 2022

Daimler AG announced it will become Mercedes-Benz Group AG on February 1, 2022. Following the spin-off of Daimler Truck as an independent company, the name change reflects the Group’s renewed focus on the automotive business.

The world-famous brand Mercedes-Benz was created in 1926, through a merger of the predecessor companies of Carl Benz and Gottlieb Daimler. The two pioneers had already presented their ground-breaking inventions independently of each other in 1886.

The renaming of Daimler AG to Mercedes-Benz Group AG also involved a change in the company’s stock exchange symbol from DAI to MBG. There will be no further changes for the shareholders, the company said. The shares of the Mercedes-Benz Group AG will remain listed on Germany’s blue-chip DAX stock index.

With the renaming of Daimler, the company completes its realignment that began last year. On December 10, 2021, Daimler Truck Holding AG was launched as an independent company on the Frankfurt Stock Exchange. The new Mercedes-Benz Group is thus concentrating on its passenger car brands Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach and Mercedes-EQ as well as vans.

Following the realignment of the original Daimler Group, Mercedes-Benz Group still holds a minority stake of 35% in Daimler Truck Holding AG, of this, around 5% are held in its pension assets.

Source: Mercedes-Benz