In 1890, Émile Levassor and Armand Peugeot of France began producing vehicles with Daimler engines, and so laid the inspiration of the automotive business in France. They have been hooked up to the first Paris–Brest–Paris bicycle race, however completed 6 days after the profitable bicycle owner, Charles Terront. when economic situations started to deteriorate in Germany following the First World War, however the administrators of DMG refused to contemplate it initially.
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Negotiations between the 2 firms resumed several years later when these conditions worsened, and in 1924, they signed an Agreement of Mutual Interest, legitimate until the yr 2000. Both enterprises standardized design, manufacturing Legal News, purchasing, and sales they usually marketed or marketed their automobile models collectively, though keeping their respective brands.
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and DMG lastly merged because the Daimler-Benz firm, baptizing all of its cars Mercedes Benz, as a model honoring an important mannequin of the DMG cars, the Maybach design later referred to as the 1902 Mercedes-35 hp, together with the Benz name. Carl Benz remained a member of the board of directors of Daimler-Benz till his dying in 1929, and at occasions, his two sons also participated in the administration of the company.… Read More