First Automobile Sold (1892)
In 1892, DMG finally sold its first automobile. Gottlieb Daimler, aged 58, had heart problems and suffered a collapse in the winter of 1892-1893. His doctor prescribed a trip to Florence, where he met Lina Hartmann, a widow 22 years his junior who was the owner of the hotel where he was staying. They married on July 8, 1893, honeymooning in Chicago during its World Fair.
The disputes with Lorenz continued. Daimler attempted to buy 102 extra shares to get a majority holding, but was forced out of his post as technical director. The corporation was 400,000 goldmarks in debt. The other directors threatened to declare bankruptcy if Daimler didn't sell them all his shares and all his personal patent rights from the previous thirty years. Daimler accepted the offer, receiving 66,666 goldmarks, and resigned in 1893.
In 1894 at the Hermann Hotel, Maybach together with Daimler and his son Paul designed a third engine called the "Phoenix" and had DMG make it. It featured:
- four cylinders cast in one block arranged vertically and parallel
- camshaft operated exhaust valves
- a spray nozzle carburetor, patented by Maybach in 1893
- an improved belt drive system
This is probably the same internal-combustion engine referred to by the American author and historian Henry Brooks Adams, who describes the "Daimler motor" and its great speed from his visit to the 1900 Paris Exposition in his autobiography.
The ill-defined relationship between the inventors and DMG harmed the image of DMG's technical department. This continued until 1894 when the British industrialist Frederick Simms made it a condition of his 350,000 mark purchase of a Phoenix engine license, which would stabilize the corporation's finances, that Daimler, now aged sixty, should return to DMG. Gottlieb Daimler received 200,000 goldmarks in shares, plus a 100,000 bonus. Simms received the right to use the name "Daimler" as his brand name for the engines. In 1895, the year DMG assembled its 1,000th engine, Maybach returned as chief engineer, receiving 30,000 shares.
During this period, they agreed to licenses to build Daimler engines around the world, which included:
- France, from 1890, by Panhard et Levassor and Peugeot
- the United States, from 1891, by American and German piano maker Steinway & Sons
- the United Kingdom, from 1893, by Frederick Simms' Daimler Motor Syndicate transferred in 1896 to the Daimler Motor Company
- Austria, by Austro Daimler
Daimler died in 1900, and in 1907 Maybach resigned from DMG.
Read more about this topic: Gottlieb Daimler
Famous quotes containing the words automobile and/or sold:
“I shall not bring an automobile with me. These inventions infest France almost as much as Bloomer cycling costumes, but they make a horrid racket, and are particularly objectionable. So are the Bloomers. Nothing more abominable has ever been invented. Perhaps the automobile tricycles may succeed better, but I abjure all these works of the devil.”
—Henry Brooks Adams (18381918)
“The reading public is intellectually adolescent at best, and it is obvious that what is called significant literature will only be sold to this public by exactly the same methods as are used to sell it toothpaste, cathartics and automobiles.”
—Raymond Chandler (18881959)