BMW or Bayerische Motoren Werke AG is a publicly-traded company on the Frankfurt Stock Exchange. BMW AG or BMW Group produces vehicles under BMW, BMW M, BMW i, BMW Motorrad, Rolls-Royce, MINI, and MINI John Cooper Works brands. However, only 50% of BMW AG’s stocks are publicly traded, so here’s an update on who owns BMW AG in 2021:
50% of BMW AG is owned by Stefan Quandt (29%) and his sister Susanne Klatten (21%)The public owns 50% of BMW
Who owned BMW in the Past?
Being present in the automotive world for over a century, BMW had an illustrious history marked by numerous ownership changes. Since 1918, the company has been operating as Bayerische Motoren Werke Aktiengesellschaft, German for public limited company. To get a better appreciation of who owns BMW today, let’s step back in time.
Part 1: The beginnings of BMW AG
BMW started its life as an aircraft engine manufacturer called Rapp Motorenwerke, founded in 1913 by Karl Rapp. While on a contract from Austro-Daimler, Rapp started working alongside Franz Josef Popp. Upon Rapp’s passing in 1917, Franz Jozef Popp renamed the company to Bayerische Motoren Werken GmbH, or BMW GmbH.
Workers and Austrian marines at the Rapp-Motorenwerke in Munich
In 1918, at the end of WW1, around 80% of the company was under Karl Rapp’s son-in-law Max Wiedmann. As Wiedmann’s capitulated, BMW GmbH was reorganized into a public limited company, BMW AG, on 13 August 1918.
BMW AG’s ownership was split between Nuremberg industrialist Fritz Neumeyer at 33% and Viennese investor Camillo Castiglioni at another 33%, with Bayerische Bank and Norddeutsche Bank holding 17% each.
In 1919, BMW partnered with Knorr-Bremse AG to produce pneumatic railway brakes, and soon, Castiglioni took over the shares from other uninterested shareholders, becoming a solitary owner of BMW AG. Still, in 1920, he quickly sold the whole company to Knorr-Bremse AG.
Aerial picture of Bayerische Motoren Werke at Moosacherstrasse in 1918-1920
Part 2: Camillo Castiglioni (1922-1929)
In 1922, Castiglioni bought back rights to BMW’s name, aluminum foundry, and the engine building business, buying Bayerische Flugzeugwerke, another company in which he had stakes. Today, BMW’s corporate history states 7 March 1916, Bayerische Flugzeugwerke’s founding date, as the birth of BMW.
Gatehouse at Moosacherstrasse in 1924
During this period, BMW relaunched aircraft engine
By: Djordje Sugaris
Title: Who Owns BMW in 2021
Sourced From: sportscardigest.com/who-owns-bmw-in-2021/
Published Date: Fri, 16 Apr 2021 22:22:06 +0000
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