BMW

BMW

BMW


BMW (Bayerische Motoren Werke in German, or Bavarian Motor Works in English) is a German multinational company which currently produces luxury automobiles and motorcycles, and also produced aircraft engines until 1945.

The company was founded in 1916 and has its headquarters in MunichBavaria. BMW produces motor vehicles in Germany, Brazil, China, India, South Africa, the United Kingdom, and the United States. In 2015, BMW was the world's twelfth largest producer of motor vehicles, with 2,279,503 vehicles produced.[2] The Quandt family are long-term shareholders of the company, with the remaining stocks owned by public float.
Automobiles are marketed under the brands BMW (with sub-brands BMW Mfor performance models and BMW i for plug-in electric cars), Mini and Rolls-Royce. Motorcycles are marketed under the brand BMW Motorrad.
The company has significant motorsport history, especially in touring carsFormula 1sports cars and the Isle of Man TT.
Bayerische Motoren Werke AG
Aktiengesellschaft
Traded asFWB:
DAX Component
PredecessorRapp Motorenwerke
Bayerische Flugzeugwerke
Founded7 March 1916; 102 years ago
FounderKarl Rapp
HeadquartersMunichGermany
Area served
Worldwide
Key people
Norbert Reithofer
(Chairman)
Harald Krüger
(CEO)
ProductsAutomobilesmotorcycles
Brands
Production output
2,691,423 vehicles (2017)
Revenue98.678 billion (2017)[1]
€10.655 billion (2017)[1]
€8.706 billion (2017)[1]
Total assets€193.483 billion (2017)[1]
Total equity€54.548 billion (2017)[1]
OwnerStefan Quandt(29%)
Susanne Klatten(21%)
Public float (50%)
Number of employees
129,932 (2017)[1]
Subsidiaries

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