Mercedes-Benz had its beginnings in 1886 when Karl Benz was granted a patent for the world's first motor car. In 1901 Daimler acquired the rights to the name Mercedes. In 1926 Daimler and Benz merged, and since 1989 Mercedes-Benz had been in charge of all motor vehicle business within the Daimler-Benz group. In 1998 Daimler-Benz AG merged with Chrysler Corporation to form DaimlerChrysler.
