BMW

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Bayerische Motoren Werke AG

BMW Headquarters in Munich, Germany
Formerly	Rapp Moterenwerke AG
Company type	Public (Aktiengesellschaft)
Traded as	FWB: BMW DAX component
Industry	Automotive
Predecessors	Otto Flugmaschinenfabrik Rapp Motorenwerke Fahrzeugfabrik Eisenach
Founded	7 March 1916; 108 years ago (1916-03-07)
Founder	Karl Rapp
Headquarters	Munich , Germany
Area served	Worldwide
Key people	Oliver Zipse, Chairman of the Board of Management Norbert Reithofer, Chairman of the Board of Supervisory
Products	Cars motorcycles
Production output	2,382,305 cars (2022) 215,932 motorcycles (2022)[1]
Brands	Automobiles Alpina BMW BMW i BMW M BMW X BMW Z DriveNow Mini Rolls-Royce Motorcycles BMW Motorrad
Services	Car-sharing services, financing, leasing, insurance and other financial services
Revenue	€142.610 billion (2022)[1]
Operating income	€23.509 billion (2022)[1]
Net income	€18.582 billion (2022)[1]
Total assets	€246.926 billion (2022)[1]
Total equity	€91.288 billion (2022)[1]
Owners	Public (50.7%) Stefan Quandt (25.8%, 25.6% through holdings and 0.19% directly) Susanne Klatten (20.9%, 20.7% through holdings and 0.2% directly)[2]
Number of employees	149,475 (2022)[1]
Website	bmw.com (BMW brand, related sub-brands and operations) bmwgroup.com (BMW AG corporate website)

Bayerische Motoren Werke AG, commonly abbreviated to BMW (German pronunciation: [ˌbeːʔɛmˈveː] ^ⓘ), is a German multinational manufacturer of luxury vehicles and motorcycles headquartered in Munich, Bavaria, Germany. The company was founded in 1916 as a manufacturer of aircraft engines, which it produced from 1917 to 1918 and again from 1933 to 1945 creating engines for aircraft that were used in the Second World War.

Automobiles are marketed under the brands BMW, Mini and Rolls-Royce, and motorcycles are marketed under the brand BMW Motorrad. In 2017, BMW was the world's fourteenth-largest producer of motor vehicles, with 2,279,503 vehicles produced^[3] and in 2022 the 7th largest by revenue.^[4] In 2023, the company was ranked 46th in the Forbes Global 2000.^[5] 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, Brazil, China, India, Mexico, the Netherlands, South Africa, the United Kingdom, and the United States. The Quandt family [de] is a long-term shareholder of the company, following investments by the brothers Herbert and Harald Quandt in 1959 that saved BMW from bankruptcy, with the remaining shares owned by the public.