The largest industrial company in Munich is BMW AG with a turnover of 104.2 billion euros (2019). BMW AG is also part of our list of the largest industrial companies in Germany. Externally, Bayerische Motoren Werke Aktiengesellschaft appears as the BMW Group. BMW is a true German industrial heavyweight and is among the TOP 15 automobile manufacturers worldwide. Premium class cars and motorcycles – that is what the BMW brand stands for. The group employs almost 134,000 people worldwide and, in addition to Germany, also produces in Great Britain, Austria, the USA and China. The cars are sold worldwide. Almost 8,000 employees work in the Munich headquarters. This article is based on the unique List of the 1000 largest industrial companies in Germany.
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From a Bavarian aircraft engine manufacturer to a global automotive group
In 1916 the Bayerische Flugzeugwerke were founded in Munich, which changed its name to BMW in 1922. Aircraft engines and motorcycles initially formed the BMW business, and in 1928 automobile production was started in Eisenach. After the Second World War, car production was relocated to Munich. Today BMW is a globally operating group. Besides the BMW brand for cars and motorcycles, the company also stands for the British car brands Mini and Rolls-Royce. BMW is 46.8 percent owned by Susanne Klatten and her brother Stefan Quandt, both members of the Quandt industrialist family, who are among the richest Germans. The remaining shares are in free float. BMW is a DAX company.Source: Listenchampion Picture source: Unsplash