<P> At BMW 's annual general meeting on 9 December 1959 , Dr. Hans Feith , chairman of BMW 's supervisory board , proposed a merger with Daimler - Benz . The dealers and small shareholders opposed this suggestion and rallied around a counter-proposal by Dr. Friedrich Mathern , which gained enough support to stop the merger . At that time , the Quandt Group , led by half - brothers Herbert and Harald Quandt , had recently increased their holdings in BMW and had become their largest shareholder . By the end of November 1960 , the Quandts owned two - thirds of BMW 's stock between them . </P>
<P> At BMW 's annual general meeting on 9 December 1959 , Dr. Hans Feith , chairman of BMW 's supervisory board , proposed a merger with Daimler - Benz . The dealers and small shareholders opposed this suggestion and rallied around a counter-proposal by Dr. Friedrich Mathern , which gained enough support to stop the merger . At that time , the Quandt Group , led by half - brothers Herbert and Harald Quandt , had recently increased their holdings in BMW and had become their largest shareholder . By the end of November 1960 , the Quandts owned two - thirds of BMW 's stock between them . </P>
who was bmw nearly sold to in 1959
who was bmw nearly sold to in 1959
Daimler - Benz
Daimler - Benz