Benz & Cie., Rheinische Gasmotoren-Fabrik Aktiengesellschaft in Mannheim

Description
Mannheim, 1 April 1909, 4.5 % Bond, repayable at 103 % for 1,000 Marks, later changed to 150 RM or Mannheim, 20 March 1912, 4.5 % Bond, repayable at 103 % for 1,000 Marks, later changed to 150 RM
Business
Automobile/Transportation/Auto Suppliers
Assignment
Germany
Country
Germany
Rarity Code
1909: 9, 1912: 9
Last Price
€ 5,000.00

History

In 1882 Gottlieb Daimler built a small experimental workshop in Cannstatt. He obtained the patent for the first high speed combustion engine in the following year. In 1890 he founded the Daimler-Motoren-Gesellschaft. Already seven years before, Carl Benz founded the Benz & Cie. Rheinische Gasmotorenfabrik in Mannheim. In 1926, the two oldest automobile companies in the world merged to form Daimler-Benz AG. In 1999, a merger with Chrysler followed and created DaimlerChrysler AG. Yet nowadays, Chrysler is no longer part of the Daimler-Benz group.