Maybach Ufer
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Maybach Ufer
Maybach (, ) is a Automotive industry in Germany, German luxury car brand that exists today as a part of Mercedes-Benz. The original company was founded in 1909 by Wilhelm Maybach and his son Karl Maybach, originally as a subsidiary of ''Luftschiffbau Zeppelin GmbH'', and it was known as ''Luftfahrzeug-Motorenbau GmbH'' until 1999. In 1960, Maybach was acquired by Daimler-Benz. The name returned as a standalone Luxury vehicle#Ultra-luxury, ultra-luxury car brand in 2002, sharing significant components with Mercedes-Benz cars. After slow sales, Maybach ceased to be a standalone brand by 2013, and it became (in 2015) a sub-brand of Mercedes-Benz, which is owned by the Mercedes-Benz Group. , Daimler produces an Mercedes-Maybach S600, ultra-luxury edition of the Mercedes-Benz S-Class and Mercedes-Benz GLS-Class under the Mercedes-Maybach name. 1909–1940: Early history Wilhelm Maybach was technical director of the ''Daimler-Motoren-Gesellschaft'' (DMG) until he left in 1907. On 2 ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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