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August 02, 2015 12:44 AM ET

Automobiles

Company Overview of Bayerische Motoren Werke Aktiengesellschaft

Company Overview

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, engages in the development, manufacture, and sale of cars and motorcycles worldwide. The company operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment is involved in developing, manufacturing, assembling, and selling cars and off-road vehicles under the BMW, MINI, and Rolls-Royce brands, as well as provides spare parts and accessories. This segment sells its products through independent and authorized dealers. The Motorcycles segment develops, manufactures, assembles, and sells motorcycles under the brand name of BMW Motorrad, as well as offers spare parts and accessories....

Petuelring 130

Munich,  80788

Germany

Founded in 1916

117,554 Employees

Phone:

49 89 38 20

Key Executives for Bayerische Motoren Werke Aktiengesellschaft

Chairman of the Board of Management and Chief Executive Officer
Age: 50
Total Annual Compensation: $4.1M
Chief Financial Officer and Member of Board of Management
Age: 60
Total Annual Compensation: $4.1M
Head of Sales & Distribution, Member of Board of Management and Chief Executive of Rolls-Royce
Age: 57
Total Annual Compensation: $4.1M
Human Resources & Industrial Relations Director and Member of Board of Management
Age: 53
Total Annual Compensation: $3.5M
Member of Board of Management
Age: 59
Total Annual Compensation: $4.1M
Compensation as of Fiscal Year 2014.

Bayerische Motoren Werke Aktiengesellschaft Key Developments

Uber Reportedly Drops Bid For Nokia Map Unit

Uber Technologies, Inc. is reportedly out of the running to acquire HERE Holding Corporation (Here). Uber Technologies, Inc. had submitted an offer for the mapping division this year for as much as $3 billion. Instead, three people with knowledge of the talks said negotiations for Here have focused on a potential deal between Nokia Corporation (HLSE:NOK1V) (Nokia) and a consortium of German automakers, Bayerische Motoren Werke Aktiengesellschaft (DB:BMW), AUDI AG (DB:NSU) and Daimler AG (XTRA:DAI). The people would speak only on the condition of anonymity because the discussions were private. As other potential suitors have dropped out of the bidding process, the three German carmakers have increasingly taken a tough negotiating position with Nokia, according to two of the people. Spokesmen for Nokia and Uber declined to comment. Representatives for the German automakers were not immediately available for comment.

BMW AG to Launch New X6 in India

BMW AG is launching its new X6 in India on July 23, 2015. The model is to retain the coupe-like roofline and the styling cues from the current model, while the front end boasts the trademark twin kidney grille and narrow angel eye headlamps. The vehicle is based on a new platform borrowed from the current-generation X5 SUV.

BMW AG Announces China Sales Results for the Half Year Ended June 2015

BMW AG announced China sales results for the half year ended June 2015. The company has said its auto sales in mainland China reached 230,601 units in the first half of this year, representing an increase of 2.5% compared with the same period last year. The figure for the period accounted for nearly 21% of its global total.

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