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The company's automobiles are marketed under the BMW, Mini and Rolls-Royce brands, and motorcycles are marketed under the BMW Motorrad brand. In 2023, BMW was the world's ninth-largest producer of motor vehicles, and the 6th largest by revenue, [3] with 2,555,341 vehicles produced in that year alone. [4]
The BMW Manufacturing Co., LLC, also known as BMW Spartanburg, is the BMW Group's only assembly facility in the United States, and is located in Greer, South Carolina. [11] The plant is currently BMW's major global production site for the X3, X4, X5, X6, X7, and XM crossover SUVs, [ 12 ] whose biggest market is the U.S., while other BMW models ...
Consumer Reports (CR) named BMW the top overall pick in its 2024 Brand Report Card rankings, with the German automaker becoming the first back-to-back winner since 2017.
Investor relations (IR) is a "strategic management responsibility that is capable of integrating finance, communication, marketing and securities law compliance to enable the most effective two-way communication between a company, the financial community, and other constituencies, which ultimately contributes to a company's securities achieving fair valuation."
In October 2017 the BMW Group reported that the 100,000th BMW i3 had been built. [76] BMW sold its stake in the Moses Lake plant in 2017, [ 77 ] but continues to receive fibre from the plant. [ 78 ] As of December 2019 [update] , BMW plans to continue i3 production until 2024, and there are no plans for an i3 successor. [ 79 ]
In 2018, Quandt became BMW’s largest single shareholder when his direct ownership increased with shares inherited from his mother, giving him a so-called “blocking stake” of 25.83 percent, worth 13.4 billion euros ($16.6 billion). [7]
The BMW iX was released in June 2021 as a 2022 model, alongside the BMW i4. Sales began in November 2021. At launch, BMW indicated the release was part of an ongoing effort to reach a 50% global share of the electric vehicle market. The BMW iX was announced to be manufactured at the BMW Group Plant Dingolfing. [11]
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