Mercedes-Benz Argentina S.R.L. established

Daimler-Benz AG and Argentinean businessman Jorge Antonio set up Mercedes-Benz Argentina S.R.L. with headquarters in Buenos Aires based on a "gentlemen's agreement". With a view to constructing an assembly plant, the company is transformed into a stock company on 29 May 1952, in which Daimler-Benz holds a one-third stake.