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BMW was an ailing company and in 1959 its management suggested selling the whole concern to Daimler-Benz. Herbert Quandt was close to agreeing to such a deal, but changed his mind at the last minute because of opposition from the workforce and trade unions. Instead he increased his share in BMW to 50% against the advice of his bankers, risking ...
On one side a "free market" technocratic faction within the government, centered around Reichsbank President Hjalmar Schacht, Minister of Economics Walther Funk and Price Commissioner Dr. Carl Friedrich Goerdeler calling for decreased military spending, free trade, and a moderation in state intervention in the economy.
Günther Quandt (28 July 1881 – 30 December 1954) was a German industrialist who founded an industrial empire that today includes BMW and Altana, a car and chemical company, respectively. Between, 1921 and 1929 he was married to Magda Ritschel , later the wife of Nazi Propaganda Minister Joseph Goebbels .
Hitler's Four Year Plan called for a modernized expanded agricultural sector to free Germany from the fear of a blockade, a network of motorways, remodeled cities, a massive program of import-substitution to supply synthetic strategic material and military industries capable of out-producing the largest enemy economy. [51]
While it operated, it produced commodities vital to the German military forces before and during World War II. After substantial damage from strategic bombing, the firm and its remaining assets were dissolved at the end of the war. [214] As Germany deepened its commitment to World War II, Brabag's plants became vital elements of the war effort.
NS Gemeinschaft Kraft durch Freude (German for 'Strength Through Joy'; KdF) was a German NSDAP-operated leisure organization in Nazi Germany. [1] It was part of the German Labour Front (‹See Tfd› German: Deutsche Arbeitsfront), the national labour organization at that time.
The BMW 5 Series mid-size sedan range was introduced in 1972, followed by the BMW 3 Series compact sedans in 1975, the BMW 6 Series luxury coupes in 1976 and the BMW 7 Series large luxury sedans in 1978. The BMW M division released its first road car, a mid-engine supercar, in 1978. This was followed by the BMW M5 in 1984 and the BMW M3 in 1986 ...
BMW Welt building Aerial photograph of the BMW Welt, BMW Museum, BMW Headquarters, and BMW factory. The BMW Welt is a combined exhibition, delivery, adventure museum, and event venue located in Munich's district Am Riesenfeld, next to the Olympic Park, in the immediate vicinity of the BMW Headquarters and factory. It was built from August 2003 ...
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