Will Chinese car companies take share in BMW
China is BMW’s largest market
Bayerische Motoren Werke AG
Owner: Stefan Quandt (29%); Susanne Klatten (21%); Public float (50%)
Production output: 2,541,534 vehicles (2018)
Revenue €97.48 billion (2018)
Market value: $55 billion
BMW sales in China: 600,000 units per year, 25% of global sale
To take 50% shares you need to pay only $30 billion
Where Tesla stands
The top automakers, their market caps as of this week (June 19), and 2016 worldwide sales are:
Toyota, $155.88 billion market cap, 10.1 million sales
Daimler, (Mercedes-Benz), $70.35 billion, 3 million sales
Volkswagen, $67.24 billion, 10.3 million sales
Tesla, $60.28 billion, 76,230 sales
BMW, $54.77 billion, 2.4 million sales
GM, $51.45 billion, 9.6 million sales
Ford, $44.65 billion, 6.7 million sales
Daimler, (Mercedes-Benz), $70.35 billion, 3 million sales
How much is BMW worth as a company?
Yet Tesla’s current market cap is $60 billion. BMW, the company Tesla passed earlier this month, sold 2,367,603 BMWs, Minis and Rolls-Royces last year and has a market cap of $55 billion. Market cap is what a company is worth based on the number of shares of stock held by investors multiplied by its price.Jun 19, 2017
BMW becomes first global brand to take control of Chinese venture
German car giant spends US$4.1 billion to increase its stake in Brilliance China Automotive by a quarter to 75%.
Chinese companies (Geely, BAIC)own today 15% of Mercedes Benz
What about BMW?