AMG was founded as a racing engine forge in 1967 under the name AMG Motorenbau und Entwicklungsgesellschaft mbH (AMG Engine Production and Development, Ltd.), by former Mercedes engineers Hans Werner Aufrecht and Erhard Melcher in Burgstall an der Murr, near Stuttgart. The letters “AMG” stand for Aufrecht, Melcher and Großaspach (Aufrecht’s birth Town). In 1976 most of AMG moved to Affalterbach, with the racing-engine development remaining at the old location in Burgstall. At this time Erhard Melcher ceased to be a partner, but continued to be an employee at the Burgstall location. From 1986 to 1992, interest and the desirability of AMG tuned and prepared Mercedes Benz road cars bordered on the obsessive with demand and interest far exceeding the small firms capabilities to keep up. These facts were not overlooked by MB corporate personal and in 1993, Daimler-Benz AG and AMG signed a contract of cooperation, allowing AMG to leverage Daimler-Benz’s extensive dealer network and leading to commonly developed vehicles (the first one being the Mercedes-Benz C36 AMG, in 1993). On 1 January 1999 DaimlerChrysler, as it was called between 1998 and 2007, acquired 51 percent of AMG shares, and AMG was renamed to Mercedes-AMG GmbH.[4] Racing engine development was divested and continues to exist in Burgstall under the name HWA (Aufrecht’s initials). On 1 January 2005 Aufrecht sold his remaining shares to DaimlerChrysler, and since then Mercedes-AMG GmbH has been a wholly owned subsidiary of Daimler AG.
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