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Established in 1926 in Germany, Mercedes-Benz is a luxury brand, often referred to as simply "Mercedes" or "Benz". The company is named after Karl Benz, the creator of the first internal combustion engine and the first automobile, the 1886 Benz Patent Motorwagen. Mercedes-Benz is best known for its high-class luxury lineup and its vehicles' reliability.
The first Mercedes-Benz vehicle was the same one Karl Benz built, the 1886 Benz Patent Motorwagen. The vehicle, a ⅔ horsepower single cylinder engine three-wheeler, cost 600 imperial German marks, or $150 US dollars. This is the equivalent of $4,524 in current value. Today, Mercedes-Benz makes a variety of sedans, coupes, convertibles, and SUVs. Some of its current models include the GLA, GLB, GLE, GLS, and GLC SUVs, A-Class, G-Class, E-Class, S-Class, C-Class, Cabriolet, Roadster, and AMG GT. Mercedes-Benz’ highest selling year since 2005 was 2016 when it sold 372,240 units in the United States alone.
Mercedes-Benz recently announced they plan to invest 60 billion euros into research and development between 2022 and 2026. They intend to expand their electrified lineup and introduce automated driving as a feature in their vehicles. The company says they want to go all-electric by the end of the 2020s, focusing on utilizing advancements in battery technology to help reduce the variable costs of their vehicles.