Daimler-Benz AG was a German automotive corporation formed in 1926 through the merger of Daimler-Motoren-Gesellschaft and Benz & Cie. It is best known for producing luxury vehicles under the Mercedes-Benz brand. The company has a rich history in automotive innovation, contributing significantly to the development of the modern automobile. In 1998, Daimler-Benz AG merged with Chrysler Corporation to create DaimlerChrysler AG, but the partnership was short-lived. Today, the company operates as Daimler AG, focusing on various sectors, including passenger cars, trucks, and buses, while continuing to emphasize sustainability and technological advancements.