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At this stage of time firm was not sure about its upcoming and began concentrating on vehicles creation. But in 1959, corporation went into money turmoil, when it faced individual bankruptcy. In this hard time, corporation observed a savior from the encounter of Herbert Quandt, who emerged as a robust share holder by taking up the fifty% share of the corporate. In BMW group’s background the turning point was 1961, when it launched BMW 1500, which before long bought BMW brand name, the reputation of a wonderful engineering firm. Now every day, BMW enjoys the ownership of three top quality brand names, BMW, MINI and Rolls-Royce motor cars.

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