Takeover by DaimlerChrysler AG
Hans Werner Aufrecht transferred a majority stake in the steadily growing company to DaimlerChrysler AG on January 1, 1999. On January 1, 2005 DaimlerChrysler acquired 100 per cent of the shares. This allowed the newly founded Mercedes‑AMG GmbH to benefit to an even greater extent from the Group's resources and global standing. In 1999 as well, the motorsport department was transferred to company founder Hans Werner Aufrecht's firm, H.W.A. GmbH (now H.W.A. AG). Located in close proximity to Mercedes‑AMG GmbH, some 200 employees now work there together with Mercedes-Benz Motorsport to manage the two companies' long-standing involvement in the German Touring Car Championship (DTM).