Supply and license agreement with Volkswagen

In the presence of Board of Management Chairman Helmut Werner and Dr Ferdinand Piech, a supply and licence agreement between Mercedes-Benz AG and Volkswagen AG is signed in Stuttgart. It enables Volkswagen to derive the successor to its LT van from the new Mercedes-Benz van series. Mercedes-Benz will supply steering units, transmissions and axles worth around DM 250 million annually.