Driving with Engineers’ Professionalism and Family Values: the BMW Trajectory from a Regional Carmaker to a Global Premium Player
Ludger Pries
Chapter 17 in The Second Automobile Revolution, 2009, pp 332-352 from Palgrave Macmillan
Abstract:
Abstract BMW is the world’s second most profitable carmaker in terms of the money earned per produced car (after Porsche). BMW experienced a worldwide growth in production and sales between 2000 and 2005 of more than 50 per cent up to 1.3 million cars — only Toyota has a similar high growth rate, but at an even higher level of about 7.7 million cars in 2005. Together with Mercedes-Benz, Lexus and Audi, BMW is one of the most important premium carmakers. BMW changed dramatically over only ten to fifteen years from a regionally producing and thinking company to a global player. How was this possible? What have been the driving forces of these fundamental changes of the consortium since the 1990s?
Keywords: Supervisory Board; Work Council; Bonus Payment; Innovation Centre; Body Shop (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23691-2_17
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DOI: 10.1057/9780230236912_17
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