In what year was AMG founded?

AMG was founded in 1967 by former Mercedes-Benz engineers Hans Werner Aufrecht and Erhard Melcher. The company began in Burgstall an der Murr, near Stuttgart, as a racing-engine manufacturer under the name AMG Motorenbau- und Entwicklungsgesellschaft mbH.

The letters AMG represent Aufrecht, Melcher, and Großaspach. Großaspach was Aufrecht’s birthplace and later became part of the company’s famous identity. In its early years, AMG specialized in modifying Mercedes-Benz vehicles and preparing engines for competition, building a reputation for extracting substantially more performance from ordinary production cars.

The company later expanded into road-car development and established its headquarters in Affalterbach. Mercedes-Benz and AMG entered a formal cooperation agreement in 1993. DaimlerChrysler acquired a controlling 51 percent stake in 1999 and bought the remaining shares in 2005, making AMG wholly owned by the Mercedes-Benz Group.

The 1967 founding date is distinct from those later ownership milestones, which are why 1989, 1976, and 1955 are not correct alternatives.