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Bayerische Motoren Werke AG The german language for Bavarian Motor Functions, usually known under their abbreviation BMW, is a German luxurious vehicles, motorcycle, and engine manufacturing business founded in 1916. Headquartered in Munich, Bavaria, Germany. BMW owns Mini cars and is also the parent company involving Rolls-Royce Motor Cars. BMW produces motorcycles below BMW Motorrad, and plug-in electric cars underneath the BMW i sub-brand along with the "iPerformance" model designation inside the regular BMW lineup. It is one in the best-selling luxury automakers in the world. The company is a factor of the Euro Stoxx 50 stock exchange index.BMW was established as being a business entity following a restructuring with the Rapp Motorenwerke aircraft manufacturing firm in 1917. After the end involving World War I with 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 began to be lifted in 1923, followed by automobiles with 1928-29.The first car that BMW successfully produced plus the car which launched BMW on the path to automobile production was the actual Dixi, based on the Austin texas 7 and licensed through the Austin Motor Company throughout Birmingham, England.

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BMW's primary significant aircraft engine, and commercial product regarding any sort, was the BMW IIIa inline-six liquid-cooled engine of 1918, known for good gasoline economy and high-altitude overall performance. With German rearmament in the 1930s, the company again started out producing aircraft engines for your Luftwaffe. The factory in Munich made ample using forced labour: foreign civilians, prisoners of war and inmates in the concentration camp Dachau. Among its successful Earth War II engine models were the BMW 132 in addition to BMW 801 air-cooled radial search engines, and the pioneering BMW 003 axial-flow turbojet, which powered the very 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 in the first prototype of this Messerschmitt Me 262, the Me 262 V1, but in 1942 assessments the BMW prototype motors failed on takeoff having 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 greater developed version of the actual 003 jet, recording an official best speed of 800 km/h (497 mph). The first-ever four-engine plane 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 trustworthiness improved, making it a suitable power plant for air frame designs competing with the Jägernotprogramm's light fighter output contract. which was won by the Heinkel He 162 Spatz layout. The BMW 003 aviation turbojet was also under consideration as the basic kick off point for a pioneering turboshaft powerplant for German armored fighting cars in 1944-45, as the GT tips. Towards the end on the Third Reich, BMW developed some military aircraft projects to the Luftwaffe, the BMW Strahlbomber, the BMW Schnellbomber plus the BMW Strahljäger, but none of all of them were built.

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BMW 3-Series (F30)In 1992, BMW acquired a significant stake in California-based industrial design studio DesignworksUSA, which they fully bought in 1995. In 1994, BMW bought the British isles Rover Group[19] (which during the time consisted of the Rover, Land Rover and MG brands along with the rights to defunct makes including Austin and Morris), and owned it intended for six years. By 2000, Rover was incurring massive losses and BMW thought we would sell the combine. The MG and Rover brands were sold towards 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 in 2001.

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Key designer Chris Bangle announced his departure from BMW throughout February 2009, after serving on the look team for nearly 18 years. He was replaced by Adrian van Hooydonk, Bangle's former right-hand male. Bangle was known pertaining to his radical designs such as the 2002 7-Series and the actual 2002 Z4. In July 2007, the production rights pertaining to Husqvarna Motorcycles was purchased by BMW for a reported 93 million euros. BMW Motorrad plans to stay operating Husqvarna Motorcycles like a separate enterprise. All development, sales and production pursuits, as well as the current workforce, have remained in position at its present location at Varese.In June 2012, BMW was listed because #1 most reputable company on earth 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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