BMW's Quandt family renews pledge

Mark · 12-02-2010, 10:04 AM

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During the recent event in Munich to mark the 50th year anniversary of the Quandt family rescue of BMW, their ascent to becoming the dominant shareholder of BMW, Stefan Quandt renewed a pledge to stay with BMW.

"Lead, don't follow - that's the entrepreneurial calling of BMW." and harks back to the actions of Herbert Quandt, the man who took action to fend off a takeover attempt by Daimler AG. Now his family owns 46 percent of BMW with his children Stefan Quandt and Susanne Klatten are on the supervisory board.

The Quandts role with BMW is considered central to the stability and independance of the company. From time to time, rumors amass that the Quandts would sell their share in the company, which would certainly herald a takeover by larger rivals, but the Quandts have been quick to dispell these rumors each time.

Source: Autonews Europe

mcacciola · 12-02-2010, 11:36 AM

Quandts rule !!!

cycler · 12-02-2010, 01:34 PM

Let them rule but make sure they stop nickle and diming on the parts so the cars can stop their rattling

positiveions · 12-02-2010, 03:24 PM

BMW's future is looking brighter

BMWinNorthdakota · 12-03-2010, 01:55 AM

Interesting. This is news to me. I had no knowledge of a share holder of this caliber.

Heres and interesting read.

Seem like good people.

http://www.dw-world.de/dw/article/0,,1799630,00.html

Marcumac · 12-03-2010, 02:28 AM

That's wild. The whole Quandt family situation is news to me.

cipher5 · 12-03-2010, 08:44 AM

News to me too! Good to know!

m603 · 12-03-2010, 10:41 AM

Quote:

Originally Posted by cycler

Let them rule but make sure they stop nickle and diming on the parts so the cars can stop their rattling

+1000000

BMWinNorthdakota · 12-03-2010, 11:17 AM

So, think hes rollin in the Rolls or Bimmer?

On a more relevant note... Why do they care so much about production numbers?!? It makes me upset that the media focuses on it so much (in the article). Its meant to be a premium auto, not a rental car. Quality over quantity people.

uhn2000 · 12-03-2010, 04:46 PM

Read the Book "Driven, Inside the Most Admired Car Company - BMW" will give you all the history and it is quite a story from humble beginnings.

http://www.amazon.com/Driven-Inside-...1412746&sr=8-1

auggiem3 · 12-06-2010, 07:26 AM

Very cool read. Excellent additional materials too.

My only comment would be, currently, the family seems to maintain interest in the longevity of BMW as an independent manufacturer. As a banker, I've seen these honorable intentions change due to individual motives or broader market circumstances.

Let's hope the sense of obligation runs deep enough to overcome any personal considerations or macro influencers that may arise.

12-02-2010, 10:04 AM	#1
Mark Administrator 7031 Rep 4,203 Posts Drives: 1M Join Date: Mar 2005 Location: USA iTrader: (1) Garage List 2011 BMW 1 Series M ... [8.36]	BMW's Quandt family renews pledge During the recent event in Munich to mark the 50th year anniversary of the Quandt family rescue of BMW, their ascent to becoming the dominant shareholder of BMW, Stefan Quandt renewed a pledge to stay with BMW. "Lead, don't follow - that's the entrepreneurial calling of BMW." and harks back to the actions of Herbert Quandt, the man who took action to fend off a takeover attempt by Daimler AG. Now his family owns 46 percent of BMW with his children Stefan Quandt and Susanne Klatten are on the supervisory board. The Quandts role with BMW is considered central to the stability and independance of the company. From time to time, rumors amass that the Quandts would sell their share in the company, which would certainly herald a takeover by larger rivals, but the Quandts have been quick to dispell these rumors each time. Source: Autonews Europe __________________ BMW 1M. BMW M2. BMW M2.
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12-02-2010, 11:36 AM	#2
mcacciola Second Lieutenant 31 Rep 220 Posts Drives: 09 335i, Silver - M Sport Join Date: Jan 2006 Location: miami, fl usa iTrader: (0)	Quandts rule !!!
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12-02-2010, 01:34 PM	#3
cycler Major General 137 Rep 8,067 Posts Drives: 2011 Streetglide and 2011 Dyna Join Date: Nov 2007 Location: Long Island NY iTrader: (0)	Let them rule but make sure they stop nickle and diming on the parts so the cars can stop their rattling
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12-02-2010, 03:24 PM	#4
positiveions Lieutenant General 976 Rep 11,725 Posts Drives: 19 Tacoma, 16 Golf wagon Join Date: Sep 2007 Location: Upland, CA iTrader: (2) Garage List 2019 Toyota Tacoma [0.00] 2016 VW Golf Sports ... [0.00] 1998 BMW M3 [0.00] 1990 BMW 325is [0.00]	BMW's future is looking brighter
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12-03-2010, 01:55 AM	#5
BMWinNorthdakota Banned 254 Rep 1,106 Posts Drives: 2007 bmw 335i e90 Join Date: Jun 2009 Location: Fargo ND iTrader: (0)	Interesting. This is news to me. I had no knowledge of a share holder of this caliber. Heres and interesting read. Seem like good people. http://www.dw-world.de/dw/article/0,,1799630,00.html
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12-03-2010, 02:28 AM	#6
Marcumac Lieutenant Colonel 67 Rep 1,543 Posts Drives: M235i Join Date: May 2009 Location: Cincinnati iTrader: (6) Garage List 2014 BMW M235i [0.00]	That's wild. The whole Quandt family situation is news to me.
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12-03-2010, 08:44 AM	#7
cipher5 561 Rep 3,473 Posts Drives: 2020 Donington Grey X3M Comp Join Date: Jul 2007 Location: Chicago, IL iTrader: (12)	News to me too! Good to know!
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12-03-2010, 11:17 AM	#9
BMWinNorthdakota Banned 254 Rep 1,106 Posts Drives: 2007 bmw 335i e90 Join Date: Jun 2009 Location: Fargo ND iTrader: (0)	So, think hes rollin in the Rolls or Bimmer? On a more relevant note... Why do they care so much about production numbers?!? It makes me upset that the media focuses on it so much (in the article). Its meant to be a premium auto, not a rental car. Quality over quantity people.
	Appreciate 0 Quote

12-03-2010, 04:46 PM	#10
uhn2000 Big K... 174 Rep 1,717 Posts Drives: M3CS BX7 Join Date: Jan 2008 Location: Toronto, Ontario iTrader: (0)	Read the Book "Driven, Inside the Most Admired Car Company - BMW" will give you all the history and it is quite a story from humble beginnings. http://www.amazon.com/Driven-Inside-...1412746&sr=8-1 __________________ Many fun toys... M3CS XB7 FTW!
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12-06-2010, 07:26 AM	#11
auggiem3 Captain 298 Rep 940 Posts Drives: F87 M2C & E92 M3 Join Date: Jan 2009 Location: Washington, DC iTrader: (1)	Very cool read. Excellent additional materials too. My only comment would be, currently, the family seems to maintain interest in the longevity of BMW as an independent manufacturer. As a banker, I've seen these honorable intentions change due to individual motives or broader market circumstances. Let's hope the sense of obligation runs deep enough to overcome any personal considerations or macro influencers that may arise.
	Appreciate 0 Quote