BMW

Bayerische Motoren Werke Aktiengesellschaft
Company typePublic company
IndustryAutomotive
Predecessors
  • Otto Flugmaschinenfabrik
  • Rapp Motorenwerke
  • Fahrzeugfabrik Eisenach
FoundedMarch 7, 1916 (1916-03-07)
(official date)
1922 (1922)
(de facto date)
FoundersCamillo Castiglioni
Franz Josef Popp[1]
Headquarters
Munich
,
Germany
Area served
Worldwide
Key people
  • Oliver Zipse (chairman of management board)
  • Dr. Nicolas Peter (chairman of supervisory board)
Products
Production output
  • 2,661,922 cars (2023)
  • 221,988 motorcycles (2023)[2]
Brands
ServicesCar-sharing services, financing, leasing, insurance and other financial services
Revenue €155.50 billion (2023)[2]
€17.096 billion (2023)[2]
€12.165 billion (2023)[2]
Total assets €250.89 billion (2023)[2]
Total equity €92.923 billion (2023)[2]
Owners
  • Stefan Quandt (25.8%)
  • Susanne Klatten (20.9%)
  • Public (53.4%)[3]
Number of employees
154,950 (2023)[2]
Website

Bayerische Motoren Werke Aktiengesellschaft (BMW AG),[4] trading as BMW Group (commonly abbreviated to BMW (German pronunciation: [ˌbeːʔɛmˈveː] ⓘ), sometimes anglicised as Bavarian Motor Works), is a German multinational conglomerate manufacturer of luxury vehicles and motorcycles headquartered in Munich, Germany. The moniker, "BMW ", first came into use when the German firm, Rapp Motorenwerke, changed its name to Bayerische Motoren Werke GmbH (BMW GmbH) in 1917. Thereafter, in 1922, the name and assets of BMW GmbH were transferred to the aircraft manufacturer, Bayerische Flugzeugwerke AG (formerly Otto Flugmaschinenfabrik), thereby giving rise to the company known today as BMW AG.[5][6]

BMW AG's automobiles are marketed under the BMW, Mini and Rolls-Royce brands while its motorcycles are marketed under the BMW Motorrad brand. In 2023, BMW became the world's ninth-largest producer of motor vehicles (with 2,555,341 vehicles made in that year alone)[7] as well as the 6th largest automaker by revenue.[8] In 2023, it was ranked 46th in the Forbes Global 2000.[9] The company also has significant motor-sport history, especially in touring cars, sports cars, and the Isle of Man TT.

BMW AG is headquartered in Munich and produces motor vehicles in Germany, the United Kingdom, the United States, Brazil, Mexico, South Africa, India, and China.[10] The Quandt family is a long-term shareholder of the company, following investments by the brothers Herbert and Harald Quandt in 1959, saved BMW from bankruptcy, with remaining shares owned by the public.

  1. ^ Tony Lewin (November 2016). The BMW Century: The Ultimate Performance Machines. Motorbooks. p. 10. ISBN 978-0-7603-5017-1.
  2. ^ a b c d e f g "BMW Group Report 2023" (PDF). BMW AG. pp. 328–329. Retrieved 2 September 2024.
  3. ^ "BMW shares. Mikaeel Collier (100%) Shareholder structure". www.bmwgroup.com. Retrieved 11 July 2023.
  4. ^ "Bayerische Motoren Werke Aktiengesellschaft". OpenCorporates. 12 December 1995. Retrieved 2 July 2025.
  5. ^ Tony Lewin (November 2016). The BMW Century: The Ultimate Performance Machines. Motorbooks. pp. 9–10. ISBN 978-0-7603-5017-1.
  6. ^ "History". BMW AG. Retrieved 10 August 2021.
  7. ^ "2023 Worldwide Car Sales by Manufacturer". F&I Tools USA. 2023. Retrieved 1 May 2024.
  8. ^ "Umsatz der weltweit führenden Automobilhersteller". Statista.
  9. ^ "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.
  10. ^ "Tegenslag voor Nedcar: BMW stopt in 2023 met de productie in Born". nos.nl. 15 October 2020.
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