Mercedes-Benz USA (MBUSA), a wholly-owned subsidiary of DaimlerChrysler North American Holding Corporation based in Auburn Hills. Founded in 1871 by Gottlieb Daimler and Karl Benz, Mercedes Benz is a German brand name of automobiles, buses, coaches and trucks owned by DaimlerChrysler AG. Mercedes-Benz is currently active in three forms of motorsport: Formula Three, DTM and Formula One. Besides its native Germany, Mercedes Benz also manufactured in South Africa, Thailand, Malaysia, USA, Argentina, Brazil, India, UK, Egypt, China, Turkey and South Korea. Today Mercedes-Benz automobiles are available at dealerships in over 130 countries. The company sold 248,080 vehicles in the U.S. in 2006. The latest model introduced by the company is E320 and GL320 Bluetec.