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BMWin full Bayerische Motoren Werke AGGerman automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. During World War II, BMW built the world's first jet airplane engines for the Luftwaffe. It suffered financially in the postwar period but recovered after 1959 with a new line of conventionally designed high-performance cars. The company's turnaround was also credited to German entrepreneur Herbert Quandt, who purchased a controlling share of BMW's stock in 1959. In the 21st century the firm's brands included BMW cars and motorcycles, MINI automobiles, and Rolls-Royce. Members of the Quandt family continued to hold a significant stake in the company. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | Norbert Reithofer, Chairman of the Board of Management of BMW AG. Our task here is to combine the ultimate driving experience with an efficient electric drive with practically no emissions,o said Norbert Reithofer, chairman, Board of Management, BMW AG. Dr Norbert Reithofer, member of the board of management of BMW AG production, said: "Our engine plant at Hams Hall is an important part of the worldwide BMW Group production network and will play a vital role in the BMW Group's strategy of profitable growth with premium brand products. |
BMW AG |
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