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Johnson0259 (talk | contribs) Oliver Zipse Chairman of the Board of Management of BMW group Tags: Reverted Visual edit |
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BMW is [[BMW Headquarters|headquartered in Munich]] and produces motor vehicles in Germany, the United Kingdom, the Netherlands (ceased in 2023),<ref>{{Cite web|url=https://nos.nl/artikel/2352434-tegenslag-voor-nedcar-bmw-stopt-in-2023-met-de-productie-in-born|title=Tegenslag voor Nedcar: BMW stopt in 2023 met de productie in Born|date=15 October 2020|website=nos.nl}}</ref> the United States, Brazil, Mexico, South Africa, India and China. The {{Interlanguage link multi|Quandt (family)|lt=Quandt family|de|3=Quandt (Familie)}} is a long-term shareholder of the company, following investments by the brothers [[Herbert Quandt|Herbert]] and [[Harald Quandt]] in 1959 that saved BMW from [[bankruptcy]], with the remaining shares owned by [[Public float|the public]].
==History==
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=== 21st century ===
In January 2021, BMW announced that its sales in 2020 fell by 8.4 percent due to the impact of [[COVID-19 pandemic]] restrictions. However, in the fourth quarter of 2020, BMW witnessed a rise of 3.2% in its customers' demands.<ref>{{Cite news |date=12 January 2021 |title=BMW sales fall 8.4% in 2020 as coronavirus takes toll |work=Reuters |url=https://www.reuters.com/article/us-bmw-results-idUSKBN29H0Y7 |access-date=12 January 2021}}</ref> This recovery was supported by the company's adoption of widely accepted technologies and integration of third-party services such as Apple Pay and on-demand music.<ref>{{Cite journal |last=Kukkamalla |first=Prasanna Kumar |last2=Bikfalvi |first2=Andrea |last3=Arbussa |first3=Anna |date=2021-07-07 |title=The new BMW: business model innovation transforms an automotive leader |url=https://www.emerald.com/insight/content/doi/10.1108/JBS-02-2020-0021/full/html |journal=Journal of Business Strategy |language=en |volume=42 |issue=4 |pages=268–277 |doi=10.1108/JBS-02-2020-0021 |issn=0275-6668|hdl=10256/19355 |hdl-access=free }}</ref>
On 18 January 2022 BMW announced a BMW 7 Series (G11) special edition simply called "The Final V12",<ref name="Road">{{cite web |last=Silvestro |first=Brian |date=18 January 2022 |title=BMW Waves Goodbye to the V-12 With a Final Edition M760Li |url=https://www.roadandtrack.com/news/a38803898/bmw-m760li-final-edition-v12/ |work=Road & Track |publisher=Hearst Communications}}</ref> the last BMW series production vehicle to be fitted with a V-12 engine.<ref name="Road" />
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=== Company name ===
BMW is an abbreviation for ''Bayerische Motoren Werke''
The terms Beemer, Bimmer and Bee-em are sometimes used as [[slang]] for BMW in the English language<ref>{{cite book |title=Bee em / BMW Motorcycle Club of Victoria Inc |publisher=[[National Library of Australia]] |url=http://catalogue.nla.gov.au/Record/3913069 |access-date=23 October 2009 |archive-url=https://web.archive.org/web/20110728125152/http://catalogue.nla.gov.au/Record/3913069 |archive-date=28 July 2011 |url-status=live}}</ref><ref>{{cite news |title=No Toupees allowed |date=2 October 2009 |url=http://www.bangkokpost.com/auto/autoreview/24915/no-toupees-allowed |newspaper=[[Bangkok Post]] |access-date=24 October 2009}}{{dead link|date=September 2012}}</ref> and are sometimes used interchangeably for cars and motorcycles.<ref name=Lighter1>{{Cite book |title=Random House Historical Dictionary of American Slang: A-G |first=Jonathan E. |last=Lighter |publisher=Random House |year=1994 |volume=1 |isbn=978-0-394-54427-4 |pages=[https://archive.org/details/randomhousehisto01ligh/page/126 126–27] |quote='''Beemer''' ''n.'' <nowiki>[BMW + ''er'']</nowiki> a BMW automobile. Also '''Beamer.''' |url=https://archive.org/details/randomhousehisto01ligh/page/126 }}</ref><ref name=Lighter2>{{Cite book |title=Random House Historical Dictionary of American Slang: A-G |first=Jonathan E. |last=Lighter |publisher=Random House |year=1994 |volume=1 |isbn=978-0-394-54427-4 |page=[https://archive.org/details/randomhousehisto01ligh/page/159 159] |quote='''Bimmer''' ''n.'' <span style="font-variant: small-caps;">Beemer.</span> |url=https://archive.org/details/randomhousehisto01ligh/page/159 }}</ref><ref>'''1982''' S. Black ''Totally Awesome'' 83 BMW ("Beemer").<br />'''1985''' ''L.A. Times'' (13 April) V 4: Id much rather drive my Beemer than a truck.<br />'''1989''' L. Roberts ''Full Cleveland'' 39: Baby boomers... in... late-model Beemers.<br />'''1990''' ''Hull High'' (NBC-TV): You should ee my dad's new Beemer.<br /> '''1991''' ''Cathy'' (synd. cartoon strip) (21 April): Sheila... <nowiki>[ground]</nowiki> multi-grain snack chips crumbs into the back seat of my brand-new Beamer!<br />'''1992''' ''Time'' (18 May) 84: Its residents tend to drive pickups or subcompacts, not Beemers or Rolles.</ref>
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