BMW vs Target: Founders, CEOs and History
BMW was founded in 1916 by Karl Rapp, Gustav Otto and is led by Milan Nedeljković. Target was founded in 1902 by George Dayton and is led by Michael Fiddelke.
Company facts
Founders
BMW
Karl Rapp
Bayerische Motoren Werke (BMW) traces its foundational roots not to automobiles, but to the skies above Germany during the First World War.
Gustav Otto
Gustav Otto's importance lies in the aviation world that made BMW possible. He founded an aircraft manufacturing company before BMW became associated with motorcycles or cars, and his operations formed part of the Bavarian industrial environment from which BMW…
Target
George Dayton
George Draper Dayton became a partner in Goodfellow's Dry Goods Company, one of the largest department stores in Minneapolis, in 1902, and became sole owner and president within a year, renaming it the Dayton Dry Goods Company.
CEOs and their tenures
BMW
- Eberhard von Kuenheim1970–1993
Chairman of the Board of Management (CEO)
BMW's longest-serving chief executive turned a mainly German carmaker into an international premium brand, launching the 3 Series (1975) and 7 Series (1977) and completing the 'Four Cylinder' headquarters tower in Munich.
Source - Norbert Reithofer2006–2015
Chairman of the Board of Management (CEO)
Serving as CEO from 2006 to 2015, he maintained BMW's status as the world's best-selling premium automaker and spearheaded the company's early, massive investments in electrification.
Source - Harald Krüger2015–2019
Chairman of the Board of Management (CEO)
Krüger led BMW from May 2015 to August 2019, a period that included the launch of the X7 and the preparation of flexible vehicle architectures.
Source - Oliver Zipse2019–2026
Chairman of the Board of Management (CEO)
Zipse joined BMW in 1991 and led the group from 16 August 2019 to 13 May 2026, concluding 35 years with the company.
Source - Milan Nedeljković2026–present
Chairman of the Board of Management (CEO)
Took over from Oliver Zipse on 14 May 2026 after a career that began as a BMW trainee in 1993 and included senior roles at Plant Oxford, managing director of Plants Leipzig and Munich, senior vice president Corporate Quality and, from 2019, board member for Pr…
Source
Target
- Robert J. Ulrich1994–2008
Chairman and CEO
Under Ulrich Target grew into the second-largest US discount retailer, built its design-partnership model with designers such as Michael Graves, and added the Super Target format. He retired as chief executive in 2008 and was succeeded by Gregg Steinhafel.
Source - Gregg Steinhafel2008–2014
Chairman, President and CEO
Steinhafel resigned in May 2014 after the data breach and the poor results of Target Canada, which the company closed in 2015 after losses. Brian Cornell succeeded him later in 2014.
Source - Brian Cornell2014–2026
Former Chairman and CEO
Cornell's tenure ended amid a stock and sales slump, with revenue declining for three consecutive fiscal years (from $107.412 billion in FY2023 to $104.780 billion in FY2025) even as the omnichannel infrastructure he built began paying off in the following qua…
Source - Michael Fiddelke2026–present
Chief Executive Officer
Fiddelke inherited a company coming off three straight years of revenue decline. His first two quarters as CEO delivered growth: Q1 FY2026 net sales rose 6.7% and Q2 FY2026 net sales rose 5.3% to $26.5 billion, with comparable traffic up 3.6%.
Source
Timeline: BMW and Target side by side
1902Target
Dayton Company is founded
George Dayton becomes a partner in Goodfellow's Dry Goods Company in Minneapolis in 1902, then sole owner in 1903, renaming it Dayton Dry Goods Company -- the business that eventually becomes Target Corporation.
1916BMW
Official Foundation Date
BMW traces its official foundation date to 7 March 1916 through Bayerische Flugzeug-Werke AG. The origin matters because the business began in aircraft and engine manufacturing before it ever sold cars.
1923BMW
BMW R 32 Motorcycle Launch
The R 32 gave BMW its first branded motorcycle and a recognizable engineering signature around the boxer engine and shaft drive. It turned aircraft-engine know-how into a consumer product after aviation restrictions changed the company's market.
1928BMW
Entry Into Automobiles Through Eisenach
BMW became an automobile manufacturer by purchasing Fahrzeugfabrik Eisenach. The deal gave the company an existing carmaking base and moved it beyond engines and motorcycles into the larger passenger-car market.
1961BMW
New Class Breakthrough
The BMW 1500 New Class sedan filled a market gap and helped restore BMW as a successful modern carmaker. Its sporty sedan formula became a foundation for the later performance-premium identity.
1962Target
First Target store opens
The first Target discount store opens in Roseville, Minnesota.
1994BMW
Rover Group Acquisition
BMW bought Rover Group to broaden its model range, but the integration did not meet expectations and most of Rover was sold in 2000. The episode mattered because it pushed BMW back toward disciplined premium positioning while MINI remained inside the group.
1998BMW
Rolls-Royce Motor Cars Rights Acquired
BMW obtained the Rolls-Royce Motor Cars brand and naming rights in 1998 and took full responsibility for the marque from 2003. The deal expanded the group upward into ultra-luxury without forcing the BMW badge to carry that role.
2000Target
Company becomes Target Corporation
Dayton Hudson changes its name to Target Corporation as the discount chain becomes the center of the company.
2011BMW
BMW i Sub-Brand Announced
BMW announced the BMW i sub-brand with the i3 and i8 planned as its first models. The program gave the group an early platform for electric mobility, lightweight materials, and sustainability-focused manufacturing ideas.
2013Target
Target Data Breach
Target discloses a data breach affecting more than 40 million customer payment cards during the holiday shopping season, becoming one of the most-cited cybersecurity failures in US retail history.
2014Target
Dermstore Acquired
Target acquires online beauty retailer Dermstore to expand its e-commerce beauty business; it sells the unit to THG for $350 million in 2021.
2015Target
Target Exits Canada
Target announced in January 2015 that it would close all of its Canadian stores, ending an expansion that began in 2013.
2017Target
Target acquires Shipt and Grand Junction
Target acquires same-day delivery platform Shipt for about $550 million and transportation-technology startup Grand Junction, accelerating omnichannel fulfillment.
2019BMW
Oliver Zipse Became Chairman
Oliver Zipse became Chairman of the Board of Management on 16 August 2019 and served until 13 May 2026. His tenure was defined by the technology-open strategy, the Neue Klasse programme and flexible production across powertrains.
2020Target
Stores become fulfillment hubs
Target's store-based fulfillment model becomes central to digital growth during the pandemic period.
2023BMW
~$176B (EUR 155.498B) Revenue Year
BMW Group revenue reached ~$176B (EUR 155.498B) in 2023, the highest annual revenue in the recent report period shown here. That peak set a demanding comparison base for the weaker 2024 and 2025 revenue years.
2025BMW
FY2025 Revenue and Deliveries
BMW Group reported ~$151B (EUR 133.453B) in revenue and 2,463,681 automotive deliveries in FY2025. The result showed stable unit scale but weaker revenue and margin conditions, especially as China, tariffs, currency, and EV costs affected the business.
2025BMW
Neue Klasse iX3 World Premiere
The fully electric BMW iX3, the first Neue Klasse model, premiered at the IAA in Munich in September 2025. It is built in Debrecen, Hungary, and European customer deliveries began in March 2026.
2025Target
Michael Fiddelke named next CEO
Target announces that Michael Fiddelke will succeed Brian Cornell as CEO effective February 1, 2026, after 22 years rising through the company including as CFO and COO.
2026BMW
Capital Market Day Reset Plan
On 30 September 2026 BMW set a 3-5% automotive EBIT margin target for 2028 and 8-10% by the start of the next decade, alongside fewer variants, a first BMW ALPINA model in 2027 and a compact Neue Klasse EV for Europe in 2028.
2026BMW
Profit Warning on China Downturn
On 16 June 2026 BMW cut its 2026 automotive EBIT margin guidance to 1-3% from 4-6%. Q2 automotive margin came in at 2.3% and China deliveries fell 30.2% in the quarter.
2026BMW
Milan Nedeljković Became CEO
Milan Nedeljković succeeded Oliver Zipse as Chairman of the Board of Management on 14 May 2026, the day after the 106th Annual General Meeting, which also approved converting all preferred shares into ordinary shares.
2026Target
FY2025 revenue is reported
Target reports FY2025 revenue of $104.780B and net income of $3.705B, the third consecutive year of revenue decline.
2026Target
Q1 FY2026 sales rebound
Target reports Q1 FY2026 net sales growth of 6.7% and comparable sales growth of 5.6% under new CEO Michael Fiddelke.
2026Target
Q2 FY2026 growth and raised outlook
Target reports Q2 FY2026 net sales of $26.5B (+5.3%), comparable sales growth of 3.8% and raises full-year guidance to about 5% sales growth.
Acquisitions
BMW
- ALPINA brand2022Undisclosed
- Rolls-Royce Motor Cars1998$66M
- Rover Group1994$1.2B
- Mini brand1994Undisclosed
Questions about BMW vs Target
Who is the CEO of Bayerische Motoren Werke AG and Target Corporation?
Bayerische Motoren Werke AG is led by Milan Nedeljković and Target Corporation is led by Michael Fiddelke. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Bayerische Motoren Werke AG founded vs Target Corporation?
Target Corporation was founded in 1902 — 14 years before Bayerische Motoren Werke AG, which was founded in 1916. Target Corporation's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Bayerische Motoren Werke AG.
How many employees does Bayerische Motoren Werke AG have compared to Target Corporation?
Bayerische Motoren Werke AG employs approximately 154,540 people, while Target Corporation employs approximately 415,000. Target Corporation has the larger workforce at 415,000 employees, compared to Bayerische Motoren Werke AG's 154,540. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Bayerische Motoren Werke AG and Target Corporation headquartered?
Bayerische Motoren Werke AG is headquartered in Germany and Target Corporation is headquartered in United States. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Bayerische Motoren Werke AG and Target Corporation?
Bayerische Motoren Werke AG was founded by Karl Rapp, Gustav Otto. Target Corporation was founded by George Dayton.
Which company has a longer operating history — Bayerische Motoren Werke AG or Target Corporation?
Target Corporation has been operating for approximately 124 years, making it the more established of the two companies. Bayerische Motoren Werke AG has been in operation for around 110 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the BMW vs Target overview