BMW
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BMW headquarters in Munich, Germany
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| Aktiengesellschaft (AG) | |
| Traded as | : BMW |
| Industry | Automotive |
| Predecessor |
Rapp Motorenwerke Bayerische Flugzeugwerke AG (BFW) Automobilwerk Eisenach |
| Founded | 7 March 1916 |
| Founder | Franz Josef Popp, Karl Rapp, Camillo Castiglioni |
| Headquarters | Munich, Bavaria, Germany |
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Area served
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Worldwide |
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Key people
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Harald Krüger (CEO) Norbert Reithofer (Chairman of the Supervisory Board) |
| Products | Luxury vehicles, sports cars, motorcycles, bicycles |
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Production output
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 2,430,507 vehicles (2015) |
| Revenue |
€92.175 billion (2015) |
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€9.224 billion (2015) |
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| Profit |
€6.396 billion (2015) |
| Total assets |
€172.174 billion (2015) |
| Total equity |
€42.764 billion (2015) |
| Owner |
Stefan Quandt (29%) Susanne Klatten (21%) Public float (50%) |
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Number of employees
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122,244 (2015) |
| Divisions |
Mini BMW Motorsport BMW i BMW Motorrad |
| Subsidiaries |
List
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| Website |
BMW Group BMW Automobiles |
Bayerische Motoren Werke AG (German pronunciation: [ˈbaɪ̯ʁɪʃə mɔˈtʰɔʁn̩ ˈvɛɐ̯kə]; German for Bavarian Motor Works), usually known under its abbreviation BMW (German pronunciation: [ˈbeːˈʔɛmˈveː]), is a German luxury vehicle, motorcycle, and engine manufacturing company founded in 1916. Headquartered in Munich, Bavaria, Germany. BMW owns Mini cars and is the parent company of Rolls-Royce Motor Cars. BMW produces motorcars under the BMW Motorsport division and motorcycles under BMW Motorrad, and plug-in electric cars under the BMW i sub-brand and the "iPerformance" model designation within the regular BMW lineup. It is one of the best-selling luxury automakers in the world. The company is a component of the Euro Stoxx 50 .
BMW was established as a business entity following a restructuring of the Rapp Motorenwerke aircraft manufacturing firm in 1917. After the end of World War I in 1918, BMW was forced to cease aircraft-engine production by the terms of the Versailles Armistice Treaty. The company consequently shifted to motorcycle production as the restrictions of the treaty started to be lifted in 1923, followed by automobiles in 1928–29.
The first car which BMW successfully produced and the car which launched BMW on the road to automobile production was the Dixi, based on the Austin 7 and licensed from the Austin Motor Company in Birmingham, England.
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