Gottlieb Diamler returned to his own company as chief engineer


Friday 8th November 1895

Gottlieb Diamler returned to his own company as chief engineer. He received shares worth 30,000 marks that he was entitled to through 1882 contract with Daimler. In mid 1893 – Daimler was forced to sell his stake in company, rights to his inventions for 66,666 marks to avoid bankruptcy. In 1895 – group of British industrialists, fronted by Frederick R. Simms, looked to acquire license rights to Maybach-designed Phoenix engine for Britain for 350,000 marks only if Daimler and Maybach returned to company. Daimler returned as expert advisor, general inspector. His stake in company returned (worth 200,000 marks) additional 100,000 mark bonus was also paid.


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