Gottlieb Wilhelm Daimler was a German engineer, industrial designer and industrialist. He was a pioneer of internal-combustion engines and automobile development. He invented the high-speed petrol engine.
Daimler and his lifelong business partner Wilhelm Maybach were two inventors whose goal was to create small, high-speed engines to be mounted in any kind of locomotion device. In 1885 they designed a precursor of the modern petrol (gasoline) engine which they subsequently fitted to a two-wheeler, the first internal combustion motorcycle and, in the next year, to a stagecoach, and a boat. Daimler called it the grandfather clock engine (Standuhr) because of its resemblance to a large pendulum clock.
In 1890, they founded Daimler Motoren Gesellschaft (DMG). They sold their first automobile in 1892. Daimler fell ill and took a break from the business. Upon his return he experienced difficulty with the other stockholders that led to his resignation in 1893. This was reversed in 1894. Maybach resigned at the same time, and also returned. In 1900 Daimler died and Wilhelm Maybach quit DMG in 1907. In 1924, the DMG management signed a long term co-operation agreement with Karl Benz's Benz & Cie., and in 1926 the two companies merged to become Daimler-Benz AG, which is now part of Daimler AG.