MTU Friedrichshafen and MTU Munich are formed

  • Date
    July 1969
  • Description
    Daimler-Benz and MAN (Maschinenfabrik Augsburg-Nürnberg AG) merge their high-performance diesel engine and turbocharged aircraft engine sectors and set up the MTU Group. Maybach Mercedes-Benz Motorenbau GmbH becomes MTU Motoren- und Turbinen-Union Friedrichshafen GmbH and MAN-Turbo GmbH evolves into MTU Motoren-und Turbinen-Union München GmbH. The MTU Munich shares are split equally between Daimler-Benz and MAN. MTU Munich has an 84 % stake in MTU Friedrichshafen, whilst 16 % of the company remains in private hands.
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