BMW is a German multinational company, originally an initialism for Bayerische Motoren Werke in German, or Bavarian Motor Works in English, is a German multinational company which currently produces automobiles and motorcycles, and also produced aircraft engines until 1945.
The company was founded in 1916 and is headquartered in Munich, Bavaria. BMW produces motor vehicles in Germany, Brazil, China, India, South Africa, the United Kingdom, and the United States. In 2015, BMW was the world’s twelfth largest producer of motor vehicles, with 2,279,503 vehicles produced. The Quandt family are long-term shareholders of the company, with the remaining shares owned by public float.
Automobiles are marketed under the brands BMW (with sub-brands BMW M for performance models and BMW i for plug-in electric cars), Mini and Rolls-Royce. Motorcycles are marketed under the brand BMW Motorrad.
Rhode Island BMW History
BMW started in Rhode Island at Competition Imports in Newport, which was owned by Dick Gadoin and his son Richard. In 1978 they opened Inskip Auto Center in Warwick and BMW was one of their main brands. They ran both dealerships until 2005 when the Inskip Auto Mall was sold to the Penske Automotive Group. That BMW dealership is now BMW of Warwick. The younger Gadoin, Richard, held on to the Newport BMW store which had by now moved into a larger building. In 2014, Richard Gadoin Jr sold the BMW of Newport dealership to the Grieco Auto Group who owns it currently.
Rhode Island area BMW Dealerships
pre owned bmw inventoryBMW of Newport
BMW of Warwick