 France was a country with an extensive automobile industry based on Maybach's creations.Because of this action, after difficult discussions, Karl Benz announced his retirement from design management on 24 January 1903, although he remained as director on the Board of Management through its merger with DMG in 1926 and, remained on the board of the new Daimler-Benz corporation until his death in 1929.He was inducted into the Automotive Hall of Fame in 1984 and the European Automotive Hall of Fame.