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At this stage of time business was not sure about its upcoming and started concentrating on vehicles production. But in 1959, business went into economic turmoil, when it faced personal bankruptcy. In this hard time, organization observed a savior while in the experience of Herbert Quandt, who emerged as a powerful share holder by taking up the fifty% share of the business. In BMW group’s historical past the turning position was 1961, when it launched BMW 1500, which quickly bought BMW manufacturer, the reputation of a great engineering firm. Now each day, BMW enjoys the possession of a few good quality brands, BMW, MINI and Rolls-Royce motor cars.
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