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Bayerische Motoren Werke Aktiengesellschaft (BMW AG), trading as BMW Group (commonly abbreviated to BMW (German pronunciation: ⓘ), sometimes anglicised as Bavarian Motor Works), is a German multinational conglomerate manufacturer of luxury vehicles and motorcycles headquartered in Munich, Bavaria, Germany. In 1922, the name and assets of Bayerische Motoren Werke GmbH (formerly Rapp Motorenwerke) were transferred to Bayerische Flugzeugwerke AG (formerly Otto Flugmaschinenfabrik), thereby giving rise to the company known today as BMW AG.
The company's automobiles are marketed under the BMW, Mini and Rolls-Royce brands, and motorcycles are marketed under the BMW Motorrad brand. In 2023, BMW was the world's ninth-largest producer of motor vehicles, and the 6th largest by revenue, with 2,555,341 vehicles produced in that year alone. In 2023, the company was ranked 46th in the Forbes Global 2000. The company has significant motor-sport history, especially in touring cars, sports cars, and the Isle of Man TT.
BMW is headquartered in Munich and produces motor vehicles in Germany, the United Kingdom, the United States, Brazil, Mexico, South Africa, India, China, and previously also in the Netherlands (ceased in 2023). 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.
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Description
Bayerische Motoren Werke Aktiengesellschaft (BMW AG), trading as BMW Group (commonly abbreviated to BMW (German pronunciation: ⓘ), sometimes anglicised as Bavarian Motor Works), is a German multinational conglomerate manufacturer of luxury vehicles and motorcycles headquartered in Munich, Bavaria, Germany. In 1922, the name and assets of Bayerische Motoren Werke GmbH (formerly Rapp Motorenwerke) were transferred to Bayerische Flugzeugwerke AG (formerly Otto Flugmaschinenfabrik), thereby giving rise to the company known today as BMW AG.
The company's automobiles are marketed under the BMW, Mini and Rolls-Royce brands, and motorcycles are marketed under the BMW Motorrad brand. In 2023, BMW was the world's ninth-largest producer of motor vehicles, and the 6th largest by revenue, with 2,555,341 vehicles produced in that year alone. In 2023, the company was ranked 46th in the Forbes Global 2000. The company has significant motor-sport history, especially in touring cars, sports cars, and the Isle of Man TT.
BMW is headquartered in Munich and produces motor vehicles in Germany, the United Kingdom, the United States, Brazil, Mexico, South Africa, India, China, and previously also in the Netherlands (ceased in 2023). 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.
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Fanart
Banner
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