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Bayerische Motoren Werke AG German born for Bavarian Motor Works, usually known under their abbreviation BMW, is a German high end vehicles, motorcycle, and engine manufacturing organization founded in 1916. Headquartered in Munich, Bavaria, Germany. BMW owns Mini cars and is particularly the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles within BMW Motorrad, and plug-in electric cars under the BMW i sub-brand along with the "iPerformance" model designation within the regular BMW lineup. It is one with the best-selling luxury automakers on the globe. The company is a factor of the Euro Stoxx 50 stock exchange index.BMW was established to be a business entity following a restructuring in the Rapp Motorenwerke aircraft production firm in 1917. After the end involving World War I throughout 1918, BMW was forced for you to cease aircraft-engine production through 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 with 1928-29.The first car which BMW successfully produced along with the car which launched BMW in relation to automobile production was this Dixi, based on the Austin texas 7 and licensed in the Austin Motor Company throughout Birmingham, England.

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BMW's 1st significant aircraft engine, and commercial product involving any sort, was the BMW IIIa inline-six liquid-cooled serp of 1918, known for good gas economy and high-altitude functionality. With German rearmament in the 1930s, the company again began producing aircraft engines with the Luftwaffe. The factory in Munich made ample usage of forced labour: foreign civilians, prisoners of war and inmates with the concentration camp Dachau. Among its successful Earth War II engine designs were the BMW 132 as well as BMW 801 air-cooled radial search engines, 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 first tested as a prime power plant from the first prototype of your Messerschmitt Me 262, the Me 262 V1, but in 1942 assessments the BMW prototype motors failed on takeoff together with only the standby Junkers Jumo 210 nose-mounted piston engine powering it with a safe landing. [11][12] The few Me 262 A-1b test examples built used the harder developed version of this 003 jet, recording an official leading speed of 800 km/h (497 mph). The first-ever four-engine fly aircraft ever flown were being the sixth and eighth prototypes from the Arado Ar 234 aircraft reconnaissance-bomber, which used BMW 003 jets for power. Through 1944 the 003's stability improved, making it a ideal power plant for air frame designs competing to the Jägernotprogramm's light fighter generation contract. which was won with the Heinkel He 162 Spatz style. The BMW 003 aviation turbojet was also in mind as the basic starting point for a pioneering turboshaft powerplant with regard to German armored fighting autos in 1944-45, as the GT information. Towards the end in the Third Reich, BMW developed some military aircraft projects with the Luftwaffe, the BMW Strahlbomber, the BMW Schnellbomber plus the BMW Strahljäger, but none of them were built.

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BMW 3-Series (F30)In 1992, BMW acquired a substantial stake in California-based commercial design studio DesignworksUSA, which they fully received in 1995. In 1994, BMW bought the British Rover Group[19] (which back then consisted of the Rover, Land Rover and MG brands plus the rights to defunct brand names including Austin and Morris), and owned it intended for six years. By 2000, Rover was incurring enormous losses and BMW chose to sell the combine. The MG and Rover brands were sold for the Phoenix Consortium to style MG Rover, while Land Rover was absorbed by Ford. BMW, meanwhile, retained the rights to develop the new Mini, which was launched within 2001.

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Fundamental designer Chris Bangle released his departure from BMW in February 2009, after serving on the structure team for nearly 19 years. He was replaced by simply Adrian van Hooydonk, Bangle's former right-hand gentleman. Bangle was known with regard to his radical designs such as the 2002 7-Series and this 2002 Z4. In July 2007, the production rights with regard to Husqvarna Motorcycles was purchased by BMW for any reported 93 million euros. BMW Motorrad plans to remain operating Husqvarna Motorcycles being a separate enterprise. All development, sales and production pursuits, as well as the current workforce, have remained in position at its present area at Varese.In June 2012, BMW was listed because the #1 most reputable company on this 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.".