BMW Group
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BMW headquarters in Munich
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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
|
 2,512,635 vehicles (2016) |
| Revenue |
€94.163 billion (2016) |
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€9.665 billion (2016) |
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| Profit |
€6.910 billion (2016) |
| Total assets |
€188.535 billion (2016) |
| Total equity |
€47.363 billion (2016) |
| Owner |
Stefan Quandt (29%) Susanne Klatten (21%) Public float (50%) |
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Number of employees
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124,729 (2016) |
| 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. It is one of the best-selling luxury automakers in the world. The company is a component of the Euro Stoxx 50 .Headquartered in Munich, Bavaria, 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.
BMW was established as a business entity following a restructuring of the Rapp Motorenwerke aircraft manufacturing firm in 1912 named Aerowerke Gustav Otto. 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.
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Wikipedia