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Bayerische Motoren Werke AG

Bayerische Motoren Werke AG
Aktiengesellschaft (AG)
Traded as BMW
Industry Automotive
Predecessor Rapp Motorenwerke
Bayerische Flugzeugwerke AG (BFW)
Automobilwerk Eisenach
Founded 7 March 1916; 101 years ago (1916-03-07)
Founder Franz Josef Popp, Karl Rapp, Camillo Castiglioni
Headquarters Munich, Bavaria, Germany
Area served
Worldwide
Key people
Harald Krüger (CEO)
Norbert Reithofer
(Chairman of the Supervisory Board)
Products Luxury vehicles, sports cars, motorcycles, bicycles
Production output
Increase 2,512,635 vehicles (2016)
Revenue Increase94.163 billion (2016)
Increase €9.665 billion (2016)
Profit Increase €6.910 billion (2016)
Total assets Increase €188.535 billion (2016)
Total equity Increase €47.363 billion (2016)
Owner Stefan Quandt (29%)
Susanne Klatten (21%)
Public float (50%)
Number of employees
124,729 (2016)
Divisions Mini
BMW Motorsport
BMW i
BMW Motorrad
Subsidiaries
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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