The history of BMW

Quandt's investment, along with profits from the BMW 700, brought about the BMW New Class and BMW New Six. These new products, along with the absorption of Hans Glas GmbH, gave BMW a sure footing on which to expand. BMW grew in strength, eventually acquiring the Rover Group for the Mini brand before selling it to the Phoenix Group, and the license to build automobiles under the Rolls-Royce marque.