Largest industrial company in Stuttgart: Daimler AG

The largest industrial company in Stuttgart is Daimler AG with a turnover of 173 billion euros (2019). Daimler AG is also part of our list of the largest industrial companies in Germany. After Volkswagen, the Daimler Group is the second largest automobile manufacturer in Germany and one of the largest worldwide. The Mercedes-Benz brand stands for the company’s premium vehicles and has a worldwide reputation. But Daimler is also active in commercial vehicle construction and offers other car-related services. The Group employs almost 300,000 people worldwide. The Mercedes plants in Stuttgart-Untertürkheim and Sindelfingen are two important production facilities located directly in the Stuttgart area. Together they employ a total of approx. 54,000 people; the Sindelfingen plant is the largest Daimler production site of all. This article is based on the unique List of the 1000 largest industrial companies in Germany.

Benz and Daimler have written automotive history

The origins of Daimler are connected with the invention of the automobile by Carl Benz. In 1883, he founded the Benz & Cie. Rheinische Gasmotorenfabrik in Mannheim. In 1926 it merged with Daimler-Motoren-Gesellschaft, founded in 1890, to form Daimler-Benz AG. After the break of the Second World War, the years of the economic miracle favoured the rise of the group. In 1998, the company merged with the American car manufacturer Chrysler to form DaimlerChrysler AG. The expectations placed in it were not fulfilled, so both companies separated again in 2007. DaimlerChrysler AG became Daimler AG. Nevertheless Daimler has remained a global player. Today, the group activities are split into three sub-companies: Mercedes-Benz AG, Daimler Mobility AG and Daimler Truck AG. Daimler is of course a DAX group. The shares are mainly in free float. The largest single shareholder with a stake of almost 10 percent is the Chinese car entrepreneur Li Shufu.

Source: Listenchampion Picture source: Alexander Pütter via Unsplash

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