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BMW : Bayerische Motoren Werke

Organizational

What is the Full Form of BMW?

BMW stands for "Bayerische Motoren Werke"

BMW means "Bayerische Motoren Werke". It is a vehicle fabricating organization situated in Munich, Germany. BMW produces extravagance and sports vehicles just as bikes under the BMW Motorrad division. The organization likewise possesses the Mini and Rolls-Royce brands. The logo of the organization is intended to take after an airplane propeller and the organization is popular for its slogan "Extreme Driving Machines". Starting in 2012, it is perhaps the most trusted and respected vehicle manufacturer other than Mercedes-Benz and Audi.

History of BMW:

  • BMW was established in 1916 by Franz Josef Popp. The organization began with the assembling of airplane motors which were utilized by the German Air Force.
  • In 1918, after the First World War, the organization had to stop the creation of airplane motors. Thus, in 1923, it began fabricating cruisers.
  • In 1929, the organization changed to car-producing after gaining Fahrzeugfabrik Eisenach industrial facility. The primary vehicle delivered by BMW was named "Dixie".
  • In 1936, BMW delivered 328 games vehicles which appreciated extraordinary achievement, and was selected as vehicle of the century in 1999.
  • During the 1960s, the organization created BMW 1500, a four-chamber sports vehicle, and BMW 2002, a two-entryway vehicle which was the archetype of the BMW 3 arrangement.
  • During the 1970s, BMW dispatched its 3, 5, and 7 arrangement.
  • In 1972, it presented another completely possessed auxiliary (BMW Motorsport GmbH) to unite its engine dashing exercises.
  • In 1987, it opened another plant in Regensburg to fulfill the developing need for the BMW 3 Series model.
  • During the 1990s, it procured the British Rover Group yet it was anything but productive, so BMW sold the Rover Group to Phoenix Consortium.
  • In 1994, it opened a plant in Spartanburg, South Carolina particularly for the creation of the BMW Z3 Roadster.
  • In 2000, it chose to zero in exclusively on the BMW, MINI, and Rolls-Royce Motor Cars in the worldwide vehicle market.
  • In 2001, it dispatched the new MINI, a top-notch vehicle in the little vehicle fragment.
  • In 2013, it delivered the electric i3, a metropolitan electric vehicle.
  • Today, BMW is known for the plan and nature of its vehicles and is quite possibly the most trusted and respected car maker.

President

Harald Kruger joined BMW in 1992. He has been the CEO and Chairman of the Board of Management at BMW since May 13, 2015.

Proprietors

Starting in 2016, Stefan Quandt and his sister, Susanne Klatten are the proprietors of BMW. Stefan possesses 29% of the portions of the organization and Susanne claims 21% of the portions of the organization.

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