Bayerische Motoren Werke AG German for Bavarian Motor Operates, usually known under it is abbreviation BMW, is a German high end vehicles, motorcycle, and engine manufacturing company founded in 1916. Headquartered in Munich, Bavaria, Germany. BMW owns Mini cars and is also the parent company connected with Rolls-Royce Motor Cars. BMW produces motorcycles within BMW Motorrad, and plug-in electric cars within the BMW i sub-brand and also the "iPerformance" model designation from the regular BMW lineup. It is one of the best-selling luxury automakers on the planet. The company is an element of the Euro Stoxx 50 stock exchange index.BMW was established as being a business entity following a restructuring on the Rapp Motorenwerke aircraft creation firm in 1917. After the end regarding World War I inside 1918, BMW was forced in order to cease aircraft-engine production from the terms of the Versailles Armistice Treaty. The company consequently moved to motorcycle production since the restrictions of the treaty began to be lifted in 1923, followed by automobiles in 1928-29.The first car that BMW successfully produced and also the car which launched BMW on the path to automobile production was the Dixi, based on the Austin 7 and licensed from your Austin Motor Company inside Birmingham, England.
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BMW's first significant aircraft engine, and commercial product of any sort, was the BMW IIIa inline-six liquid-cooled powerplant of 1918, known for good energy resource economy and high-altitude effectiveness. With German rearmament from the 1930s, the company again began producing aircraft engines for your Luftwaffe. The factory in Munich made ample utilization of forced labour: foreign civilians, prisoners of war and inmates from the concentration camp Dachau. Among its successful Earth War II engine patterns were the BMW 132 and 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 inside first prototype of the Messerschmitt Me 262, the Me 262 V1, but in 1942 testing the BMW prototype engines failed on takeoff with only the standby Junkers Jumo 210 nose-mounted piston engine powering it into a safe landing. [11][12] The few Me personally 262 A-1b test examples built used greater developed version of the actual 003 jet, recording an official major speed of 800 km/h (497 mph). The first-ever four-engine jet aircraft ever flown were the sixth and eighth prototypes from the Arado Ar 234 jet reconnaissance-bomber, which used BMW 003 aircraft for power. Through 1944 the 003's reliability improved, making it a suitable power plant for fresh air frame designs competing with the Jägernotprogramm's light fighter production contract. which was won because of the Heinkel He 162 Spatz design. The BMW 003 aviation turbojet was also involved as the basic beginning point for a pioneering turboshaft powerplant for German armored fighting automobiles in 1944-45, as the GT information. Towards the end of the Third Reich, BMW developed some military aircraft projects for that Luftwaffe, the BMW Strahlbomber, the BMW Schnellbomber and also the BMW Strahljäger, but none of them were built.
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BMW 3-Series (F30)In 1992, BMW acquired a huge stake in California-based commercial design studio DesignworksUSA, which they fully obtained in 1995. In 1994, BMW bought the British Rover Group[19] (which back then consisted of the Rover, Land Rover and MG brands as well as the rights to defunct models including Austin and Morris), and owned it for six years. By 2000, Rover was incurring huge losses and BMW thought i would sell the combine. The MG and Rover brands were sold towards the Phoenix Consortium to form MG Rover, while Land Rover was absorbed by Ford. BMW, meanwhile, retained the rights to build the new Mini, which was launched inside 2001.
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Fundamental designer Chris Bangle announced his departure from BMW in February 2009, after serving on the style team for nearly 19 years. He was replaced simply by Adrian van Hooydonk, Bangle's former right-hand person. Bangle was known intended for his radical designs for example the 2002 7-Series and this 2002 Z4. In July 2007, the production rights intended for Husqvarna Motorcycles was purchased by BMW for a reported 93 million pounds. BMW Motorrad plans to stay operating Husqvarna Motorcycles as a separate enterprise. All development, sales and production routines, as well as the actual workforce, have remained in position at its present area at Varese.In June 2012, BMW was listed because 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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