Daimler AG will become Mercedes-Benz Group AG on February 1, 2022. Following the successful stock market debut of Daimler Truck, the Group’s renewed focus on the automotive business is being underlined with a new name.
The world-famous brand Mercedes-Benz was created in 1926 when the predecessor companies of Carl Benz and Gottlieb Daimler were merged with the aim of revolutionizing automobile production. The two pioneers had already presented their ground-breaking inventions independently of each other in 1886, heralding the beginning of the automotive age.
In the course of the renaming of Daimler AG to Mercedes-Benz Group AG, the company’s stock exchange symbol also changes from »DAI« to »MBG«. There will be no further changes for the shareholders. The shares of the Mercedes-Benz Group AG will remain listed on Germany’s blue-chip DAX stock index.
Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group AG: “The renaming to Mercedes-Benz Group AG underlines our renewed strategic focus. In doing so, we want to make clear where we see the core of our company – building the most desirable cars in the world. The Mercedes star has always been a promise for the future: Changing the present in order to improve it. We want to continue this legacy of our founders by taking the lead in electric mobility and vehicle software.”
