Mercedes-AMG GmbH, commonly known as AMG, is the high performance division of Mercedes-Benz. AMG independently engineers, manufactures and customizes Mercedes-Benz AMG vehicles. Mercedes-AMG is headquartered in Affalterbach, Baden-Württemberg, Germany. AMG was originally an independent engineering firm specializing in performance improvements for Mercedes vehicles; Daimler-Benz AG took a controlling interest in 1990, then became sole owner of AMG in 2005. Mercedes-AMG GmbH is now a wholly owned subsidiary of Daimler AG. AMG models typically have more aggressive looks, a higher level of performance, better handling, better stability and more extensive use of carbon fiber than their regular Mercedes counterparts. AMG models are typically the most expensive and highest-performance of each Mercedes-Benz class. AMG variants are usually badged with two numerals, as opposed to regular Mercedes-Benz vehicles which have three. Mercedes has revealed the first official details on its latest sports car, called the AMG GT. The standard AMG GT will produce 456 bhp from its V8 engine. This allows for a 0-62 mph sprint time of four seconds, while top speed is electronically limited to 189 mph. Meanwhile, the AMG GT S offers 503 bhp and has a quicker 0-62 mph sprint time of just 3.8 seconds. The limited top speed is slightly increased 193 mph. The Mercedes AMG GT will be launched to the UK market in April 2015.