Mercedes Benz was founded by Karl Benz and Gattlieb Daimler in June 1926. The company came up as a result of the merging of Karl Benz's and Gottlieb Daimler's company. The two companies were merged and was called Daimler - Benz at the beginning.
Mercedes Benz is owned by Daimler AG. Daimler AG also own Mercedes Maybach, Mercedes AMG, Western star, Freightliner, Smart and many other heavy truck companies.