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May 25, 2015 4:34 PM 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: 49
Total Annual Compensation: $4.1M
Chief Financial Officer and Member of Board of Management
Age: 59
Total Annual Compensation: $4.1M
Head of Sales & Distribution, Member of Board of Management and Chief Executive of Rolls-Royce
Age: 56
Total Annual Compensation: $4.1M
Human Resources & Industrial Relations Director and Member of Board of Management
Age: 52
Total Annual Compensation: $3.5M
Member of Board of Management
Age: 58
Total Annual Compensation: $4.1M
Compensation as of Fiscal Year 2014.

Bayerische Motoren Werke Aktiengesellschaft Key Developments

BMW Group Reports Sales Results for the Month of April 2015

BMW Group reported sales results for the month of April 2015. For the period, the company reported total sales for the month of April 2015 were 175,972 units, an increase of 8.4%, compared to April 2014. BMW brand vehicle sales for the month of April 2015 were 148,896 units, an increase of 5.6%, compared to April 2014.

BMW Plans to Launch New M4 GTS in US

BMW AG announced the plan to launch its new M4 GTS in the United States. The automaker is to start production of the vehicle in March 2016. The model features aerodynamic upgrades, a roll cage instead of rear seats, lighter-weight materials such as carbon fibre, and an otherwise stripped-down cabin. It is to be equipped with an upgraded version of the M4's twin-turbo flat six-engine with the addition of water injection.

BMW AG Announces Executive Changes

As previously announced, Harald Kruger assumed the role of Chairman of the Board of Management of BMW AG with effect from the end of AGM held on May 14, 2015. Kruger, who holds an engineering degree, was most recently Board of Management member for Production. He joined the BMW Group in 1992 and has been a member of the Board of Management since December 2008. He was head of Human Resources until assuming responsibility for MINI, Motorrad, Rolls-Royce and Aftersales at the end of June 2012, a position he held until moving to head of Production in April 2013. The previous Chairman of the Board of Management, Dr. Norbert Reithofer, was elected to the Supervisory Board at the Annual General Meeting. At a meeting of the Supervisory Board held after the AGM, he was also elected its Chairman. Dr. Reithofer joined the company in 1987 and had been a member of the Board of Management since March 2000. He was responsible for Production until September 2006, when he took over as Chairman of the Board of Management of BMW AG. The previous Chairman of the Supervisory Board, Professor Joachim Milberg, stepped down with effect from the end of the Annual General Meeting. Professor Milberg has served the company in leading positions for more than two decades. Professor Milberg will maintain close ties with the company in the future and assume a leading role in the BMW Groups worldwide activities relating to corporate social responsibility and charitable foundations. Oliver Zipse appointed to the Board of Management, responsible for Production. As previously announced in March 2015, Oliver Zipse has been appointed to the Board of Management of BMW AG and will assume responsibility for the Production Division effective immediately. Zipse began his career with the company in 1991 as a trainee and has since held various management positions. He was most recently Senior Vice President of Corporate Planning and Product Strategy for the BMW Group.

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