What companies did BMW own?
BMW, the renowned German automaker, has had a diverse ownership history over the years. While the company is primarily known for its luxury vehicles, it has also owned and operated several other automotive brands throughout its history.
BMW's Acquisitions and Subsidiaries
BMW has acquired and owned several other automotive companies and brands over the years. Some of the notable acquisitions and subsidiaries include:
- Rolls-Royce Motor Cars - BMW acquired the Rolls-Royce brand and intellectual property rights in 1998, after a bidding war with Volkswagen.
- MINI - BMW acquired the MINI brand in 1994 and has since revived and expanded the iconic British marque.
- Husqvarna Motorcycles - BMW acquired the Swedish motorcycle manufacturer Husqvarna in 2007 and owned it until 2013, when it was sold to the Austrian company KTM.
- Rover Group - BMW acquired the Rover Group in 1994, but the venture was not successful, and BMW sold off most of the Rover assets in 2000.
While BMW has owned and operated several other brands, its core focus has remained on its luxury car and motorcycle divisions, which have been the driving force behind the company's success and growth over the decades.
BMW's Current Ownership Structure
Today, BMW is a publicly-traded company, with the majority of its shares owned by the Quandt family, a German industrial dynasty. The Quandt family owns approximately 46% of BMW's shares, making them the largest shareholders.
BMW's ownership structure has remained relatively stable over the years, with the Quandt family maintaining a significant stake in the company. This has allowed BMW to maintain its focus on its core automotive business and pursue long-term strategies, rather than being subject to the whims of short-term investors.
Does BMW own Rolls-Royce?
28 July 1998: BMW Group acquires the Rolls-Royce Motor Cars marque, effective 1 January 2003. 1 January 2003: First Goodwood-produced Rolls-Royce Phantom is handed to its new owner at the stroke of midnight. Phantom repositioned the brand where it ought to be at the pinnacle of the automotive spectrum.
What brands are owned by BMW?
With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world's leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services.
Which company merged with BMW?
In March 2018, Daimler and BMW merged their mobility services.
Is BMW working with Toyota?
The BMW Group and the Toyota Motor Corporation will jointly develop the powertrain system for passenger vehicles, with the core fuel cell technology (the individual third-generation fuel cells) creating synergies for both commercial and passenger vehicle applications.
Who did BMW collab with?
Toyota
Toyota and BMW are collaborating on the development of a third-generation fuel cell system, which will be installed in both companies' models to provide customers with a broader range of fuel cell electric vehicles (FCEV). As a first step, BMW plans to launch its first mass-produced FCEV in 2028.
Who is the real owner of BMW?
BMW is owned by the BMW Group, a company with more than 100 years of history that also owns Mini and Rolls-Royce.
Who bought out Volkswagen?
Headquartered in Wolfsburg, Lower Saxony, Germany, and since the late 2000s is a publicly traded family business owned by Porsche SE, which in turn is half-owned but fully controlled by the Austrian-German Porsche and Piëch family.
Does BMW own Rolls-Royce jet engines?
BMW maintained a significant stake in parent company Rolls-Royce Plc, being the single largest shareholder in the firm for a number of years. However, BMW opted to sell its remaining shares during 2006, the move representing the company's formal exit for the aero engine sector after roughly 90 years of involvement.
What company did BMW buy out?
BMW acquired the rights to the Rolls-Royce brand in 1998. The 1995 BMW Z3 expanded the line-up to include a mass-production two-seat roadster, and the 1999 BMW X5 was the company's entry into the SUV market.
Is Volkswagen owned by BMW?
Volkswagen does not own the BMW Group, BWM owns; Rolls-Royce, Mini and BMW Motorrad brands. How many brands does VW own? Volkswagen Auto Group V.A.G. owns a total of twelve brands; Volkswagen, Seat, Audi, Skoda, Bugatti, Bentley, Lamborghini, Ducati, Porsche, Scania, MAN, and Volkswagen commercial vehicles.
