Mercedes-Benz buys Chrysler for US$40 billion and forms DaimlerChrysler in the largest industrial merger in history.

Mercedes-Benz, commonly referred to simply as Mercedes and occasionally as Benz, is a German automotive brand that was founded in 1926. Mercedes-Benz AG is based in Stuttgart, Baden-Württemberg, Germany. Mercedes-Benz AG manufactures luxury vehicles and light commercial vehicles, all branded under the Mercedes-Benz name. From November 2019 onwards, the production of Mercedes-Benz-branded heavy commercial vehicles has been managed by Daimler Truck, which separated from the Mercedes-Benz Group to form an independent entity at the end of 2021.