BMW, short for Bayerische Motoren Werke, is a German company headquartered in Munich. It started in 1916 as an aircraft engine maker and began building motorcycles in the 1920s and cars in 1928. Its main production sites are in Munich, Dingolfing, Regensburg and Leipzig in Germany, plus Spartanburg in the United States. The group also runs the Mini plant in Oxford, England.
The BMW Group builds cars under the BMW, MINI and Rolls-Royce brands, and motorcycles under BMW Motorrad. The lineup includes the 3 Series, X5 and the electric i models. Financial services such as leasing and fleet management support vehicle sales.
BMW runs plants in Germany, the United States, China, Mexico and other countries. The Quandt family holds a large share of the stock. The company is listed on the Frankfurt stock exchange. The firm owns Rolls-Royce Motor Cars and the MINI brand. It builds the Neue Klasse electric platform for future models. Its main rivals are Mercedes-Benz, Audi and Tesla.