Ocean Park Automotive services &
repairs all models of BMW vehicles
BMW is headquartered in Munich, Bavaria, Germany. It also owns and produces Mini cars, and is the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles under BMW Motorrad. In 2012, the BMW Group produced 1,845,186 automobiles and 117,109 motorcycles across all of its brands.
BMW is part of the “German Big 3” luxury automakers, along with Audi and Mercedes-Benz, which are the three best-selling luxury automakers in the world.
BMW History at a glance:
- 1917 – BMW was established as a business entity following a restructuring of the Rapp Motorenwerke aircraft manufacturing.
- 1918 – BMW was forced to cease aircraft-engine production by the terms of the Versailles Armistice Treaty.
- 1923 – Started motorcycle production
- 1928 – Started automobile production (First roadworthy model was the Dixi, based on the Austin 7 and licensed to them by the Austin Motor Company in Birmingham, England.)
- 1930 – BMW once again began producing aircraft engines for the Luftwaffe. Its successful World War II engine designs were the BMW 132 and BMW 801 air-cooled radial engines.
- 1944 – BMW statrted production of the 003 axial-flow turbojet engine the Heinkel He 162 Spatz.
- 1959 – BMW was in financial difficulties so they cashed in on the economy car boom by manufacturing the Italian Iso Isetta rights and powered it with a modified form of BMW’s own motorcycle engine.
- 1959 – The controlling majority shareholder of the BMW Aktiengesellschaft is the Quandt family, which owns about 46% of the stock. The rest is in public float.
- 1966 – BMW acquired the Hans Glas company based in Dingolfing, Germany to gain a stock of highly qualified engineers and other personnel.
- 1992 – BMW acquired a large stake in California based industrial design studio DesignworksUSA
- 1994 – BMW bought the British Rover Group (Rover, Land Rover, austin, Morris and MG brands)
- 1995 – BMW fully acquired DesignworksUSA
- 2000 – The MG and Rover brands were sold to the Phoenix Consortium to form MG Rover, while Land Rover was taken over by Ford. BMW, meanwhile, retained the rights to build the new Mini, which was launched in
- 2001 – Launched the Mini, retained the rights to build when it spli up and sold the combine that it acquired in 1994.
- 2009 – Chief designer Chris Bangle announced his departure from BMW in February, after serving on the design team for nearly seventeen years. He was replaced by Adrian van Hooydonk, Bangle’s former right hand man. Bangle was known for his radical designs such as the 2002 7-Series and the 2002 Z4.
- 2007 – BMW purchased the production rights for Husqvarna Motorcycles for a reported 93 million euros. It runs as a separate enterprise: all development, sales and production activities, as well as the current workforce, have remained in place at its present location in Varese.
- 2012 – BMW was listed as the #1 most reputable company in the world by Forbes.com.