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Mercedes-Benz is part of German manufacturer Daimler AG, and the brand is used for luxury automobiles, buses, coaches, and trucks. The name first appeared in 1926 under Daimler-Benz but traces its origins to Daimler's 1901 Mercedes and to Karl Benz's 1886 Benz Patent Motorwagen, widely regarded as the first automobile. Daimler also briefly owned US carmaker Chrysler.
Stocks of Volkswagen, Daimler and BMW all fell in Frankfurt