When you want a car that drives in Chula Vista like no other, you turn to BMW. Still, you might wonder who owns BMW. BMW AG — known as the BMW Group in the U.S. — is a shareholder-owned company that has two major backers and a litany of smaller shareholders. Today, BMW of San Diego is here to go a little deeper into who owns BMW and where BMW cars are made.
Who owns BMW? The BMW Group is the name of the group of shareholders who own BMW. They’re also an incorporated company that is responsible for overseeing the production of BMW cars and parts. In Germany, it’s called “BMW AG”, which is an acronym for Bayerische Motoren Werke Aktiengesellschaft. That’s German for “Bavarian Motor Works” and Aktiengesellschaft, or AG, is shorthand for a shareholder-owned company in German business parlance.
There are two primary owners of big chunks of BMW shares. Stefan Quandt, a German industrialist and engineer, owns a 29 percent share and sits on the Supervisory Board of BMW. His sister, Susanne Klatten, an investor, owns a 21 percent share and is involved in the daily affairs of BMW AG. The remaining 50% is split between smaller investors.
Most BMW cars come from Germany. And yet, if you’re asking, “Is BMW made in the U.S.A,” the answer is yes! There are BMW production and parts facilities around the world, with one located in the U.S.A. If you drive a BMW X Series, it was made at the Spartanburg, South Carolina plant for American production. The Spartanburg facility was built specifically to handle the U.S. demand for BMW Sports Activity Vehicles. Here’s where BMW cars are made around the world:
As you can see, BMW is made in the U.S.A. and around the world, making them a truly international brand!
Do you want to get on the road behind the wheel of a new BMW without all of the hassles of the car buying process? Browse our virtual showroom from your home in El Cajon or Encinitas today. You’ll have access to our expert sales staff who know just about everything there is to know about BMW cars and SUVs. If you want to find out more about what makes the BMW brand so great, don’t hesitate to reach out!