BMW Group Net Worth is$61.2 B
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Company Name: Bayerische Motoren Werke AG
Company Type: Aktiengesellschaft
Traded As: BMW
Foundation: 21 July 1917
Predecessor: Bayerische Flugzeugwerke AG (BFW)url
Founder: Franz Josef Popp
Location City: Munich
Location Country: Germany
Area Served: Worldwide
Key People: Norbert Reithofer (CEO), Joachim Milberg (Chairman of the supervisory board), Adrian van Hooydonk Design Director
Industry: Automotive
Products: Automobiles, motorcycles, bicycles
Production: 1,481,253 Automobiles (2010) , 112,271 Motorcycles (2010)
Revenue: Euro68.82 billion (2011) Operating Income: €8.006 billion (2011) Net Income: €4.881 billion (2011) Assets: €123.42 billion (2011) Equity: €27.10 billion (2011) Num Employees: 102,007 (2011)[http://www.bmwgroup.com/e/nav/index.html?../0 0 www bmwgroup com/home/home.html&source
Subsid: Rolls-Royce Motor Cars,
Homepage: [http://www.bmw.com/ bmw.com]
Intl: yes
Bayerische Motoren Werke AG pronunciation (helpA?info) (BMW; English: Bavarian Motor Works) is a German automobile, motorcycle and engine manufacturing company founded in 1917. BMW is headquartered in Munich, Bavaria, Germany. It also owns and produces the Mini marque, and is the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles under BMW Motorrad and Husqvarna brands. In 2010, the BMW group produced 1,481,253 automobiles and 112,271 motorcycles across all its brands.
BMW was established as a business entity following a restructuring of the Rapp Motorenwerke aircraft manufacturing firm in 1917. 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 in 1923, once the restrictions of the treaty started to be lifted, followed by automobiles in 1928a??29.
The first car which BMW successfully produced and the car which launched BMW on the road to automobile production was the Dixi, it was based on the Austin 7 and licensed from the Austin Motor Company in Birmingham, England.
The circular blue and white BMW logo or roundel evolved from the circular Rapp Motorenwerke company logo, from which the BMW company grew, combined with the blue and white colors of the flag of Bavaria. The logo has been portrayed as the movement of an aircraft propeller with the white blades cutting through a blue skya??first used in a BMW advertisement in 1929, twelve years after the roundel was createda??but this is not the origin of the logo itself.
BMW's first significant aircraft engine was the BMW IIIa inline-six liquid-cooled engine of 1918, much preferred for its high-altitude performance. With German rearmament in the 1930s, the company again began producing aircraft engines for the Luftwaffe. Among its successful World War II engine designs were the BMW 132 and BMW 801 air-cooled radial engines, and the pioneering BMW 00

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BMW Group Latest News

BMW Group and other automotive groups plan joint Venture for ultra-fast charging in Europe

PRESS RELEASE - Stuttgart, Germany - 29 November 2016 – BMW Group, Daimler AG, Ford Motor Company and Volkswagen Group with Audi and Porsche have signed a Memorandum of Understanding to create the highest-powered charging network in Europe. The goal is ...
Posted: December 1, 2016, 12:00 am

BMW launches Indonesian-made sedans in luxury push

"We are very positive about the future of Indonesia and therefore we also see an increased potential in the luxury market," Axel Pannes, managing director of BMW Group Asia, told Reuters on the sidelines of a media launch in Jakarta. The German company has ...
Posted: November 30, 2016, 6:37 am

Major automakers join to develop fast charging EV infrastructure

Major automakers such as BMW Group, Daimler AG, Ford Motor Company and Volkswagen Group with Audi and Porsche have recently signed a Memorandum of Understanding to build the quickest-powered charging network in Europe. The joint venture aims for a quick ...
Posted: December 1, 2016, 6:51 pm
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