BMW is a globally renowned automaker that produces luxury vehicles. Based in Munich, Germany, its models can be found worldwide.
BMW is an incorporated entity owned by its shareholders and known in German as Bayerische Motoren Werke Aktiengesellschaft or “BMW AG.”
History
Have you ever driven one of BMW’s vehicles on the roads today and wondered who owns bmw? Well, several individuals, including German industrialist and engineer Stefan Quandt and Susanne Klatten are part owners.
Although BMW was founded in Germany, its operations span worldwide and is known as The BMW Group in America. With numerous manufacturing facilities located all across Europe and sales channels worldwide, this global giant provides world-renowned automobiles.
Karl Rapp, an engine designer for a German aircraft manufacturer, founded Rapp Motoren Werke which later merged with Gustav Flugmaschinefabrik to form Bayerische Flugzeugwerke (BFW).
BFW attracted numerous investors, such as Nuremberg industrialist Fritz Neumeyer and Viennese investor Camillo Castiglioni of Vienna; however, until 1920 when Knorr Bremse AG purchased it and made BMW one of the primary providers of aviation equipment during World War I.
BMW was one of several aircraft engine producers during World War II that employed slave laborers to construct these machines – in violation of international law; therefore BMW is an outspoken opponent of using slave labour during wartime.
After the war ended, due to an anti-motorized vehicle ban imposed by Allied Forces, production had to cease on airplane engines and automobiles; as such, kitchen paraphernalia, bicycles and other items were created instead.
After World War II, BMW returned to motorcycle production and expanded their business. They rebadged Austin Sevens under their own brand before eventually expanding into automaking as well.
BMW was revived financially in 1955 following German entrepreneur Herbert Quandt’s acquisition of a controlling stake. Quandt introduced two successful models; 700 series and 1500. Both helped put BMW back on its feet. Since then, its brand has flourished and remains an essential part of automotive culture.
Current Ownership
BMW is one of the world’s best-known and esteemed brands, founded as a family-owned business more than 100 years ago and known for producing premium vehicles.
When looking to purchase a new BMW car in Syosset, Roslyn or Corona there may be several questions about its history and make-up that arise. Don’t worry though as our staff can provide all the answers to ensure your driving experience with your new BMW will be seamless!
BMW has an illustrious history, dating back to when its aircraft engine manufacturer Rapp Motorenwerke was established by Karl Rapp and Franz Josef Popp – both former employees of Austro-Daimler before World War I – as an aircraft engine producer in 1913. Rapp then left after Rapp officially left in 1917; and when Rapp left again it became Bayerische Motoren Werke GmbH or BMW for short.
After World War II, BMW experienced a new era thanks to renowned industrialist Herbert Quandt. By increasing his stake to control in 1959 and saving BMW from financial calamity, he created the basis for decades of prosperity which his children would build upon.
Today, BMW relies on global production plans with plants in Germany, China, South Africa, India and Brazil. Furthermore, they have acquired some of the most acclaimed luxury car brands such as Rolls-Royce and Mini to expand their presence within premium automotive market.
BMW Group’s current ownership, headquartered in Munich, Germany is Bayerische Motoren Werke Aktiengeselleschaft or “BMW AG.” This name translates into German as “Bavarian Motor Works”, while “AG” indicates its shareholder-based structure.
Although most of the company is owned by members of the Quandt family, some public investors own 50% of its shares; these investors make up what’s referred to as its Public Float.
Stefan Quandt, a German industrialist who owns over 25 percent of shares, serves on both the board of directors and as deputy chairman. Susanne Klatten also owns significant shares and represents over 20%. Both members serve on their respective supervisory boards.
Origins
BMW dates back to 1916 when it began production of aircraft engines under its original name Bayerische Flugzeugwerke AG. By 1917, however, this had changed to Bayerische Motoren Werke as its focus shifted more toward automobile manufacturing.
BMW’s logo, featuring Bavarian state flag colors with an image of a spinning propeller, has long been associated with its brand. While some may see it as representing aviation roots or innovation commitment, this symbolism actually serves to celebrate BMW’s legacy in Bavaria as well as their commitment to both of these.
Over its history, BMW has introduced numerous groundbreaking and popular models that have been well received by consumers around the world. BMW’s motto “Innovative Mobility, Exciting Trends for Tomorrow” captures their goal to provide vehicles that meet every need of their customers.
BMW is an automotive manufacturer known for their luxurious designs, powerful engines and high performance capabilities. As such, their cars have long been revered.
BMW not only manufactures automobiles but also motorcycles under its BMW Motorrad brand name. These bikes are designed and assembled at their Berlin-Spandau facility.
BMW introduced their inaugural motorcycle, the R32, in 1923 with an innovative flat-twin engine configuration; it remains an iconic element of their motorbike lineup today.
BMW motorcycles utilize various engine configurations, with most using what is referred to as “boxer” twin designs.
BMW bikes remain iconic designs of their fleet today, serving as the foundation of their X5, X6, and X7 series of vehicles.
After World War II, BMW saw its business take an unfortunate decline when allied troops occupied and commandeered its plants – forcing production to cease altogether. When peace finally returned in 1948 however, BMW resumed production by using their newly developed R24 model car to get back on its feet.
BMW is an international business, operating 14 subsidiaries within Germany and 20 foreign branches. Sales outside Germany account for more than 80 percent of their total sales; BMW is Europe’s top automaker, boasting extensive manufacturing plants worldwide and plans to add electric-vehicle platforms in its near future manufacturing networks.
Manufacturing
BMW is one of the biggest names in automotive manufacturing and distribution, producing and distributing premium priced passenger cars and motorcycles as well as Rolls-Royce and MINI brands of luxury vehicles.
Volkswagen Group is an industry leader, boasting 31 production plants around the globe to meet varied market needs and ensure each car meets target specifications.
BMW is currently developing and manufacturing fully electric vehicles of its own design; such as the BMW i4 which went into series production since October 2021.
As part of its transition strategy, the company aims to reduce carbon emissions in its factories by 80% by 2030 as part of its iFactory plan, which seeks to meet higher standards of flexibility, efficiency and sustainability in operations.
BMW cars continue to be manufactured predominantly in Germany, though their presence can now be found across 15 different nations across Europe through an expanding network of production sites that create vehicles tailored specifically for these markets.
BMW USA produces its X3 and X4 crossover vehicles at its BMW Zentrum Manufacturing Plant in Greer, South Carolina; an integral component of their North American operation.
BMW currently employs 11,000 at this facility in North Carolina and plans to increase production there.
At present, BMW plant in Mexico City produces four sports activity vehicles – the X3, X3M, X4 and X6 – as well as motorsport and plug-in hybrid versions of each model.
BMW relies on an extensive network of suppliers to reach its goals as one of the premier high-end automobile manufacturers, choosing them according to innovation, quality and expertise. BMW also emphasizes environmental and social responsibility when selecting its suppliers.
BMW Group recognizes the significance of maintaining a strong network of suppliers to uphold its high quality and safety standards, so the company adheres to a rigorous set of rules when purchasing goods and services from suppliers – these rules include ensuring companies utilize energy efficiently, minimize emissions and exhaust noise emissions while having an effective environmental management system in place.
