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Bayerische Motoren Werke AG German born for Bavarian Motor Functions, usually known under the abbreviation BMW, is a German extravagance vehicles, motorcycle, and engine manufacturing firm founded in 1916. Headquartered in Munich, Bavaria, Germany. BMW owns Mini cars which is the parent company connected with Rolls-Royce Motor Cars. BMW produces motorcycles within BMW Motorrad, and plug-in electric cars within the BMW i sub-brand along with the "iPerformance" model designation from the regular BMW lineup. It is one on the best-selling luxury automakers on earth. The company is an element of the Euro Stoxx 50 stock market index.BMW was established as being a business entity following a restructuring on the Rapp Motorenwerke aircraft producing firm in 1917. After the end regarding World War I in 1918, BMW was forced for you to cease aircraft-engine production because of the terms of the Versailles Armistice Treaty. The company consequently changed to motorcycle production because the restrictions of the treaty turned lifted in 1923, followed by automobiles in 1928-29.The first car which often BMW successfully produced and also the car which launched BMW on the road to automobile production was the actual Dixi, based on the Austin 7 and licensed in the Austin Motor Company throughout Birmingham, England.

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BMW's very first significant aircraft engine, and commercial product connected with any sort, was the BMW IIIa inline-six liquid-cooled powerplant of 1918, known for good fuel economy and high-altitude efficiency. With German rearmament inside 1930s, the company again started out producing aircraft engines with the Luftwaffe. The factory in Munich made ample using forced labour: foreign civilians, prisoners of war and inmates from the concentration camp Dachau. Among its successful Planet War II engine designs were the BMW 132 and BMW 801 air-cooled radial search engines, and the pioneering BMW 003 axial-flow turbojet, which powered the teeny, 1944-1945-era jet-powered "emergency fighter", the Heinkel He 162 Spatz. The BMW 003 jet engine was first tested as a prime power plant in the first prototype of the actual Messerschmitt Me 262, the Me 262 V1, but in 1942 checks the BMW prototype applications failed on takeoff along with only the standby Junkers Jumo 210 nose-mounted piston engine powering it to your safe landing. [11][12] The few Everyone 262 A-1b test examples built used a lot more developed version of the 003 jet, recording an official best speed of 800 km/h (497 mph). The first-ever four-engine jet aircraft ever flown were being the sixth and eighth prototypes with the Arado Ar 234 plane reconnaissance-bomber, which used BMW 003 jets for power. Through 1944 the 003's consistency improved, making it a ideal power plant for fresh air frame designs competing with the Jägernotprogramm's light fighter production contract. which was won through the Heinkel He 162 Spatz design. The BMW 003 aviation turbojet was also in mind as the basic kick off point for a pioneering turboshaft powerplant with regard to German armored fighting cars in 1944-45, as the GT information and facts. Towards the end on the Third Reich, BMW developed some military aircraft projects to the Luftwaffe, the BMW Strahlbomber, the BMW Schnellbomber as well as the BMW Strahljäger, but none of all of them were built.

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BMW 3-Series (F30)In 1992, BMW acquired a large stake in California-based commercial design studio DesignworksUSA, which they fully acquired in 1995. In 1994, BMW bought the British Rover Group[19] (which right at that moment consisted of the Rover, Land Rover and MG brands and also the rights to defunct models including Austin and Morris), and owned it for six years. By 2000, Rover was incurring enormous losses and BMW decided to sell the combine. The MG and Rover brands were sold for the Phoenix Consortium to type MG Rover, while Land Rover was taken over by Ford. BMW, meanwhile, retained the rights to create the new Mini, which was launched inside 2001.

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Primary designer Chris Bangle announced his departure from BMW throughout February 2009, after serving on the look team for nearly 18 years. He was replaced through Adrian van Hooydonk, Bangle's former right-hand person. Bangle was known regarding his radical designs like the 2002 7-Series and the particular 2002 Z4. In July 2007, the production rights intended for Husqvarna Motorcycles was purchased by BMW to get a reported 93 million pounds. BMW Motorrad plans to keep operating Husqvarna Motorcycles being a separate enterprise. All development, sales and production routines, as well as the actual workforce, have remained in spot at its present place at Varese.In June 2012, BMW was listed because the #1 most reputable company on the planet by Forbes.com. Rankings are based upon aspects such as "people's willingness to buy, recommend, work for, and invest in a company is driven 60% by their perceptions of the company and only 40% by their perceptions of their products.".

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