A Brief History of the Marque
1898-1905 Cudell Max & Co., engine and vehicle plants, Aachen
1902-1906 Cudell Max & Co., Berlin
Max Cudell, one of the oldest vehicle manufacturers in Germany, built tricycles and quadricycles under licence from De Dion & Bouton from 1898 to 1905. Their licence was for Germany, and when they began shipping vehicles to Britain the English firm, De Dion-Bouton, Ltd., took them to task and they lost their licence as a result, financial ruin followed and they entered bankruptcy in 1905.
In 1906 they produced a bicycle auxiliary engine.
It appears that the firm also built Argus engines under licence.
Martin Stolle of BMW fame worked with Cudell from 1903. Wilhelm Wenske, later of Adler, Opel and Horch, also worked with Cudell.