Bayerische Motoren Werke
BMW headquarters in Munich
|Traded as||FWB: BMW|
|Founded||7 March 1916|
|2,691,423 vehicles (2017)|
|Revenue||€98.678 billion (2017)|
|€10.655 billion (2017)|
|€8.706 billion (2017)|
|Total assets||€193.483 billion (2017)|
|Total equity||€54.548 billion (2017)|
|Owner||Stefan Quandt (29%)|
Susanne Klatten (21%)
Public float (50%)
Number of employees
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. 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.
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