The offers that appear in this table are from partnerships from which Investopedia receives compensation. Mercedes-Benz is known for producing luxury vehicles and commercial vehicles. On display were over a dozen medium and heavy-duty trucks and buses, updated inside and out. The Stuttgart-based Mercedes-Benz Bank AG is a wholly-owned 2) Joint subsidiary of Daimler Trucks and Daimler Financial Services with 50 % each; not consolidated companies at Daimler Group level. Mercedes began the design for Smart in the 1970s in cooperation with Swiss watchmaker Swatch Group. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our refinancing possibilities on the credit and financial markets; events of force majeure including natural disasters, acts of terrorism, political unrest, armed conflicts, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates and tariff regulations; a shift in consumer preferences towards smaller, lower-margin vehicles; a possible lack of acceptance of our products or services which limits our ability to achieve prices and adequately utilize our production capacities; price increases for fuel or raw materials; disruption of production due to shortages of materials, labor strikes or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures; the business outlook for companies in which we hold a significant equity interest; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending government investigations or of investigations requested by governments and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading "Risk and Opportunity Report" in the current Annual Report. Daimler AG continues to be the only listed company. If any of these risks and uncertainties materializes or if the assumptions underlying any of our forward-looking statements prove to be incorrect, the actual results may be materially different from those we express or imply by such statements. Our new structure makes us more focused and competitive to ensure a successful transformation to the mobility of the future with our sustainable business strategy. Daimler Truck AG is responsible for the global truck and bus business. Headquartered in Highpoint, North Carolina, the company was acquired from the Thomas family by Daimler AG in 1998. The first Mercedes automobile was marketed in 1901. Brand equity refers to a value premium that a company generates from a product with a recognizable name when compared to a generic equivalent. It is crucial that we focus on our customers and inspire them with exciting and innovative products and technologies." Daimler AG (German pronunciation: [ˈdaɪmlɐ ʔaːˌɡeː] (); previously named Daimler-Benz and DaimlerChrysler), commonly known and referred to as Mercedes, also known simply as Daimler, is a German multinational automotive corporation, headquartered in Stuttgart, Baden-Württemberg.It is one of the world's leading car and truck manufacturers. Daimler AG’s Smart Automobile is an automaker based in Boblingen, Germany. We do not intend or assume any obligation to update these forward-looking statements since they are based solely on the circumstances at the date of publication.SOURCE Daimler North America - Corporate CommunicationsCopyright © 2020 PR Newswire Association LLC. Brexit refers to Britain's leaving the European Union, which was slated to happen at the end of October, but has been delayed again.North American Free Trade Agreement (NAFTA) Definition Volvo Group's fuel-cell division will be part of the subsidiary. Daimler AG has established Daimler Truck Fuel Cell GmbH & Co. KG to bring all its fuel-cell research on heavy-duty trucks under one roof, according to a Monday news release by the German company. Daimler has 293,688 employees across 80 locations and €172.75 B in annual revenue in FY 2019. Daimler Mobility already finances and leases every second vehicle from Daimler AG worldwide and plans to further increase this proportion. Daimler Truck AG is assembling its fuel cell expertise in a new subsidiary as a forerunner to a 50-50 joint venture with rival Volvo AB that will make fuel cell-powered backup systems for data centers and eventually hydrogen-fueled heavy-duty trucks.

Private equity is a non-publicly traded source of capital from investors who seek to invest or acquire equity ownership in a company. It was the first bus manufacturer to produce a traditional type C school bus fueled by compressed natural gas (CNG) and also produces buses fueled by propane.

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