Mercedes-Benz is part of German manufacturer Daimler AG, and the brand is used for luxury automobiles, buses, coaches, and trucks. The name first appeared in 1926 under Daimler-Benz but traces its origins to Daimler's 1901 Mercedes and to Karl Benz's 1886 Benz Patent Motorwagen, widely regarded as the first automobile. Daimler also briefly owned US carmaker Chrysler.