Daimler AG is engaged in the manufacture, development and distribution of passenger cars, off-road vehicles, trucks, vans, and buses. It operates through the following divisions: Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services. The Mercedes-Benz Cars division sells passenger cars and off-road vehicles under the brand names Mercedes-Benz, smart and Maybach. The Daimler Trucks division distributes trucks under the brand names Mercedes-Benz, Freightliner, Western Star, BharatBenz, Thomas Built Buses and Fuso. The Mercedes-Benz Vans division sells vans under the brand name Mercedes-Benz. The Daimler Buses division sells completely built-up buses under the brand names Mercedes-Benz and Setra, and produces and sells bus chasis. The Daimler Financial Services division provides services such as insurance, fleet management, investment products, credit cards, and tailored financing and leasing packages for clients and retailers. The company was founded by Gottlieb Daimler and Carl Benz on May 7, 1998 and is headquartered in Stuttgart, Germany.