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At this point of time firm was unsure about its future and commenced concentrating on cars manufacturing. But in 1959, enterprise went into money turmoil, when it faced individual bankruptcy. In this hard time, organization found a savior while in the deal with of Herbert Quandt, who emerged as a robust share holder by taking over the fifty% share of the corporation. In BMW team’s background the turning stage was 1961, when it released BMW 1500, which quickly got BMW brand, the name of a great view it engineering company. Now daily, BMW enjoys the possession of 3 excellent brands, BMW, MINI and Rolls-Royce motor cars.
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