BMW

Bayerische Motoren Werke AG
Aktiengesellschaft
Traded asFWBBMW
DAX Component
IndustryAutomotive
PredecessorRapp Motorenwerke
Bayerische Flugzeugwerke
Founded7 March 1916; 102 years ago (1916-03-07)
FounderKarl Rapp
Headquarters,
Germany
Area served
Worldwide
Key people
Norbert Reithofer
(Chairman)
Harald Krüger
(CEO)
Products
Brands
Production output
Increase 2,691,423 vehicles (2017)
RevenueIncrease 98.678 billion (2017)[1]
Increase €10.655 billion (2017)[1]
Increase €8.706 billion (2017)[1]
Total assetsIncrease €193.483 billion (2017)[1]
Total equityIncrease €54.548 billion (2017)[1]
OwnerStefan Quandt (29%)
Susanne Klatten (21%)
Public float (50%)
Number of employees
129,932 (2017)[1]
Subsidiaries
Websitewww.bmwgroup.com
www.bmw.com

BMW AG (German: [ˈbeːˈʔɛmˈveː]; originally an initialism for 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 Munich, Bavaria. 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 shares owned by public float.

Automobiles are marketed under the brands BMW (with sub-brands BMW M for 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 cars, Formula 1, sports cars and the Isle of Man TT.

  1. ^ a b c d e f "Annual Report 2017" (PDF). BMW Group. Retrieved 7 April 2018.
  2. ^ "WORLD MOTOR VEHICLE PRODUCTION - OICA correspondents survey" (PDF). www.oica.net. Archived (PDF) from the original on 28 August 2017. Retrieved 19 September 2017.

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