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Bayerische Motoren Werke AG The german language for Bavarian Motor Works, usually known under it is abbreviation BMW, is a German luxury vehicles, motorcycle, and engine manufacturing corporation 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 BMW i sub-brand along with the "iPerformance" model designation inside the regular BMW lineup. It is one with the best-selling luxury automakers in the world. The company is a factor of the Euro Stoxx 50 currency markets index.BMW was established as being a business entity following a restructuring from the Rapp Motorenwerke aircraft production firm in 1917. After the end connected with World War I inside 1918, BMW was forced to help cease aircraft-engine production by the terms of the Versailles Armistice Treaty. The company consequently altered to motorcycle production as the restrictions of the treaty has become lifted in 1923, followed by automobiles inside 1928-29.The first car which in turn BMW successfully produced plus the car which launched BMW with respect to automobile production was this Dixi, based on the Austin tx 7 and licensed from your Austin Motor Company throughout Birmingham, England.

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BMW's first significant aircraft engine, and commercial product regarding any sort, was the BMW IIIa inline-six liquid-cooled engine of 1918, known for good energy resource economy and high-altitude functionality. With German rearmament inside the 1930s, the company again commenced producing aircraft engines for your Luftwaffe. The factory in Munich made ample usage of 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 also BMW 801 air-cooled radial engines, 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 tested as a prime power plant in the first prototype of the particular Messerschmitt Me 262, the Me 262 V1, but in 1942 testing the BMW prototype applications failed on takeoff along with only the standby Junkers Jumo 210 nose-mounted piston engine powering it into a safe landing. [11][12] The few Myself 262 A-1b test examples built used the greater developed version of the 003 jet, recording an official best speed of 800 km/h (497 mph). The first-ever four-engine fly aircraft ever flown were being the sixth and eighth prototypes in the Arado Ar 234 aircraft 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 manufacturing contract. which was won from the Heinkel He 162 Spatz layout. The BMW 003 aviation turbojet was also involved as the basic starting point for a pioneering turboshaft powerplant pertaining to German armored fighting automobiles in 1944-45, as the GT information and facts. Towards the end of the Third Reich, BMW developed some military aircraft projects for that Luftwaffe, the BMW Strahlbomber, the BMW Schnellbomber along with the BMW Strahljäger, but none of these people 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 English Rover Group[19] (which during the time consisted of the Rover, Land Rover and MG brands and also the rights to defunct makes including Austin and Morris), and owned it intended for six years. By 2000, Rover was incurring big losses and BMW thought we would sell the combine. The MG and Rover brands were sold on the Phoenix Consortium to style MG Rover, while Land Rover was absorbed by Ford. BMW, meanwhile, retained the rights to make the new Mini, which was launched in 2001.

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Fundamental designer Chris Bangle introduced his departure from BMW within February 2009, after serving on the structure team for nearly seventeen years. He was replaced simply by Adrian van Hooydonk, Bangle's former right-hand male. Bangle was known with regard to his radical designs like the 2002 7-Series and this 2002 Z4. In July 2007, the production rights intended for Husqvarna Motorcycles was purchased by BMW to get a reported 93 million euros. BMW Motorrad plans to carry on operating Husqvarna Motorcycles as a separate enterprise. All development, sales and production routines, as well as the current workforce, have remained in spot at its present area at Varese.In June 2012, BMW was listed because #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.".