BMW Group celebrates successful new commencement 50 years ago

Posted on 30. Nov, 1999 by in BMW Canada

29.11.2010
BMW Group celebrates successful new commencement 50 years ago

Restructuring devise supposed on 30 Nov 1960
Herbert Quandt cumulative a companys future

Munich. The BMW Group is celebrating a autonomy and a companys continued success given a restructuring devise was supposed on 30 November, 1960 with a special rite during a Theresienhhe in Munich on 30 Nov 2010. Herbert Quandts business instinct and his ability to make confidant decisions during that time set a new march for a association and cumulative BMWs ability to control a possess future, pronounced Chairman of a Supervisory Board of BMW AG, Prof. Dr. Ing. Joachim Milberg, before a rite in Munich.

After rejecting Daimler-Benzs takeover bid for BMW in 1959 and adopting a rescue devise in Nov 1960, BMW went on to turn an roughly rare success story. Since 2004, a BMW Group has been a worlds heading retailer of reward automobiles. Its workforce has grown from 6,900 in 1959 to over 96,000 employees today. At a same time, a series of vehicles sole has climbed from 42,000 during that time to a likely sum of some-more than 1.4 million automobiles (BMW, MINI and Rolls-Royce) this year.

In a singular way, a BMW Group represents long-term business decisions and bold, future-oriented action. We advantage from carrying a shareholder structure with a family of entrepreneurs as a vital shareholder. To this day, it has been a stabilising factor, combined Milberg.

I cruise it a payoff that we are means to make decisions from a long-term perspective, in a interests of all a stakeholders and in partnership with a workforce remarkable Chairman of a Board of Management of BMW AG, Dr. Ing. Nobert Reithofer.
The march for destiny success was set in 2007 with Strategy Number ONE. This plan was introduced good before a financial and mercantile predicament and has been evenly implemented over a past 3 years. It laid a substructure for a upswing we are now experiencing, according to a Chairman of a Supervisory Board of BMW AG. New models enjoying success today, such as a BMW X1 and a MINI Countryman, were also motionless on in 2007.

The aphorism Sheer pushing pleasure originates from a year 1964 and binds loyal for all BMW code models. Today, BMW is a code that combines energetic opening and potency like no other. And that will request in a future, also, regardless of a form of expostulate sight underneath a bonnet, commented Reithofer. It also has to do with a people who work during BMW. Besides their high turn of ability and dedication, they also have a clever marker with a company, as Milberg forked out.

The rite during a Theresienhhe is being hold during a really same place where shareholders deserted a Daimler-Benz bid to acquire BMW on 9 Dec 1959. Speakers during tomorrows eventuality embody Supervisory Board Chairman, Prof. Dr. Milberg, and Chairman of a Board of Management of BMW AG, Dr. Norbert Reithofer, as good as a Chairman of a General Works Council, Manfred Schoch. Representing a infancy shareholder, Stefan Quandt will also plead a ancestral attribute between a Quandt family and BMW.

The BMW Group
The BMW Group is one of a many successful manufacturers of automobiles and motorcycles in a universe with a BMW, MINI and Rolls-Royce brands. As a tellurian company, a BMW Group operates 24 prolongation comforts in 13 countries and has a tellurian sales network in some-more than 140 countries.
The BMW Group achieved a tellurian sales volume of approximately 1.29 million automobiles and over 87,000 motorcycles for a 2009 financial year. Revenues totalled euro 50.68 billion. At 31 Dec 2009, a association employed a tellurian workforce of approximately 96,000 associates.
The success of a BMW Group has always been built on long-term meditative and obliged action. The association has therefore determined ecological and amicable sustainability via a value chain, extensive product shortcoming and a transparent joining to conserving resources as an constituent partial of a strategy. As a outcome of a efforts, a BMW Group has been ranked attention personality in a Dow Jones Sustainability Indexes for a final 6 years.

If we have any questions, greatfully contact:

Corporate and Governmental Affairs

Marc Hassinger, Communications Business and Finances, Sustainability
Telephone: (+49 89) 382-23362, Fax: (+49 89) 382-24418

Bill McAndrews, Corporate and Governmental Affairs, Corporate Communications
Telephone: (+ 49 89) 382-22332, Fax: (+ 49 89) 382-29756

Maximilian Schberl, Corporate and Governmental Affairs
Telephone: (+49 89) 382-37349, Fax: (+49 89) 382-37446

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