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Bayerische Motoren Werke AG German born for Bavarian Motor Performs, 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 regarding Rolls-Royce Motor Cars. BMW produces motorcycles within BMW Motorrad, and plug-in electric cars underneath the BMW i sub-brand along with the "iPerformance" model designation from the regular BMW lineup. It is one in the best-selling luxury automakers on the globe. The company is a factor of the Euro Stoxx 50 stock market index.BMW was established as being a business entity following a restructuring of the Rapp Motorenwerke aircraft production firm in 1917. After the end of World War I in 1918, BMW was forced in order to cease aircraft-engine production with the terms of the Versailles Armistice Treaty. The company consequently moved to motorcycle production for the reason that restrictions of the treaty turned lifted in 1923, followed by automobiles within 1928-29.The first car which BMW successfully produced and also the car which launched BMW on the path to automobile production was this Dixi, based on the Austin texas 7 and licensed on the Austin Motor Company inside Birmingham, England.

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BMW's first significant aircraft engine, and commercial product involving any sort, was the BMW IIIa inline-six liquid-cooled serps of 1918, known for good fuel economy and high-altitude efficiency. With German rearmament from the 1930s, the company again started out producing aircraft engines to the Luftwaffe. The factory in Munich made ample by using forced labour: foreign civilians, prisoners of war and inmates on the concentration camp Dachau. Among its successful Earth War II engine models were the BMW 132 and BMW 801 air-cooled radial machines, and the pioneering BMW 003 axial-flow turbojet, which powered the small, 1944-1945-era jet-powered "emergency fighter", the Heinkel He 162 Spatz. The BMW 003 jet engine was initially tested as a prime power plant within the first prototype of your Messerschmitt Me 262, the Me 262 V1, but in 1942 tests the BMW prototype machines failed on takeoff with only the standby Junkers Jumo 210 nose-mounted piston engine powering it to some safe landing. [11][12] The few Everyone 262 A-1b test examples built used the more developed version of the actual 003 jet, recording an official prime speed of 800 km/h (497 mph). The first-ever four-engine fly aircraft ever flown were the sixth and eighth prototypes from the Arado Ar 234 fly reconnaissance-bomber, which used BMW 003 aircraft for power. Through 1944 the 003's dependability improved, making it a appropriate power plant for air flow frame designs competing with the Jägernotprogramm's light fighter creation contract. which was won from the Heinkel He 162 Spatz design. The BMW 003 aviation turbojet was also into consideration as the basic starting point for a pioneering turboshaft powerplant pertaining to German armored fighting vehicles in 1944-45, as the GT information and facts. Towards the end with 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 industrial design studio DesignworksUSA, which they fully obtained in 1995. In 1994, BMW bought the United kingdom Rover Group[19] (which back then consisted of the Rover, Land Rover and MG brands along with the rights to defunct brand names including Austin and Morris), and owned it with regard to six years. By 2000, Rover was incurring massive losses and BMW decided to sell the combine. The MG and Rover brands were sold towards Phoenix Consortium to kind MG Rover, while Land Rover was bought out by Ford. BMW, meanwhile, retained the rights to create the new Mini, which was launched throughout 2001.

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Fundamental designer Chris Bangle declared his departure from BMW with February 2009, after serving on the style team for nearly over seventeen years. He was replaced by means of Adrian van Hooydonk, Bangle's former right-hand guy. Bangle was known pertaining to his radical designs such as the 2002 7-Series and this 2002 Z4. In July 2007, the production rights for Husqvarna Motorcycles was purchased by BMW for just a reported 93 million pounds. BMW Motorrad plans to continue operating Husqvarna Motorcycles as being a separate enterprise. All development, sales and production things to do, as well as the actual workforce, have remained in location at its present position at Varese.In June 2012, BMW was listed since the #1 most reputable company on the globe 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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