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Bayerische Motoren Werke AG In german for Bavarian Motor Functions, usually known under their abbreviation BMW, is a German luxury vehicles, motorcycle, and engine manufacturing organization 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 beneath the BMW i sub-brand as well as the "iPerformance" model designation inside the regular BMW lineup. It is one on the best-selling luxury automakers on the globe. The company is an element of the Euro Stoxx 50 wall street game index.BMW was established as a business entity following a restructuring with the Rapp Motorenwerke aircraft production firm in 1917. After the end of World War I within 1918, BMW was forced in order to cease aircraft-engine production from the terms of the Versailles Armistice Treaty. The company consequently altered to motorcycle production for the reason that restrictions of the treaty turned lifted in 1923, followed by automobiles in 1928-29.The first car which often BMW successfully produced along with the car which launched BMW with respect to automobile production was the Dixi, based on the Austin tx 7 and licensed through the Austin Motor Company inside Birmingham, England.

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BMW's very first significant aircraft engine, and commercial product associated with any sort, was the BMW IIIa inline-six liquid-cooled serp of 1918, known for good energy economy and high-altitude overall performance. With German rearmament inside 1930s, the company again commenced producing aircraft engines to the Luftwaffe. The factory in Munich made ample utilization of forced labour: foreign civilians, prisoners of war and inmates in the concentration camp Dachau. Among its successful Planet War II engine patterns were the BMW 132 as well as BMW 801 air-cooled radial machines, and the pioneering BMW 003 axial-flow turbojet, which powered the tiny, 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 inside the first prototype of your Messerschmitt Me 262, the Me 262 V1, but in 1942 tests the BMW prototype motors failed on takeoff having only the standby Junkers Jumo 210 nose-mounted piston engine powering it into a safe landing. [11][12] The few Me 262 A-1b test examples built used the more developed version of your 003 jet, recording an official best speed of 800 km/h (497 mph). The first-ever four-engine airliner aircraft ever flown had been the sixth and eighth prototypes from the Arado Ar 234 fly reconnaissance-bomber, which used BMW 003 jets for power. Through 1944 the 003's trustworthiness improved, making it a appropriate power plant for air flow frame designs competing for that Jägernotprogramm's light fighter output contract. which was won from the Heinkel He 162 Spatz pattern. The BMW 003 aviation turbojet was also involved as the basic starting place for a pioneering turboshaft powerplant regarding German armored fighting vehicles in 1944-45, as the GT info. 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 these people were built.

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BMW 3-Series (F30)In 1992, BMW acquired a significant stake in California-based professional design studio DesignworksUSA, which they fully acquired in 1995. In 1994, BMW bought the British Rover Group[19] (which at the time consisted of the Rover, Land Rover and MG brands plus the rights to defunct brands including Austin and Morris), and owned it with regard to six years. By 2000, Rover was incurring huge losses and BMW chose to sell the combine. The MG and Rover brands were sold to the Phoenix Consortium to kind MG Rover, while Land Rover was absorbed by Ford. BMW, meanwhile, retained the rights to create the new Mini, which was launched in 2001.

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