Mercedes-Benz existed before the peace sign, so I don't think it was designed based on that.
Peace sign origin:
Quote:
The design for the familiar crow's-foot-in-a-circle we know as the peace symbol was completed February 21, 1958, by British commercial artist Gerald Holtom.
Holtom had been commissioned by the Campaign for Nuclear Disarmament. The CND, headed by philosopher Bertrand Russell, was planning an Easter march to Canterbury Cathedral to protest the Atomic Weapons Research Establishment at Aldermaston.
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