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 corporation founded in 1916. Headquartered in Munich, Bavaria, Germany. BMW owns Mini cars and is also the parent company associated with Rolls-Royce Motor Cars. BMW produces motorcycles beneath BMW Motorrad, and plug-in electric cars within the BMW i sub-brand and the "iPerformance" model designation from the regular BMW lineup. It is one in the best-selling luxury automakers on the globe. The company is an element of the Euro Stoxx 50 stock market index.BMW was established to be a business entity following a restructuring in the Rapp Motorenwerke aircraft manufacturing firm in 1917. After the end connected with World War I in 1918, BMW was forced for you to cease aircraft-engine production with the terms of the Versailles Armistice Treaty. The company consequently altered to motorcycle production since the restrictions of the treaty began to be lifted in 1923, followed by automobiles with 1928-29.The first car which usually BMW successfully produced as well as the car which launched BMW on the road to automobile production was your Dixi, based on the Austin texas 7 and licensed from your Austin Motor Company inside Birmingham, England.
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BMW's primary significant aircraft engine, and commercial product connected with any sort, was the BMW IIIa inline-six liquid-cooled serp of 1918, known for good fuel economy and high-altitude overall performance. With German rearmament in the 1930s, the company again started 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 World War II engine models were the BMW 132 as well as BMW 801 air-cooled radial motors, 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 first tested as a prime power plant in the first prototype of your Messerschmitt Me 262, the Me 262 V1, but in 1942 testing the BMW prototype applications 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 greater developed version of the actual 003 jet, recording an official major speed of 800 km/h (497 mph). The first-ever four-engine airliner aircraft ever flown have been the sixth and eighth prototypes from the Arado Ar 234 jet reconnaissance-bomber, which used BMW 003 jets for power. Through 1944 the 003's trustworthiness improved, making it a suitable power plant for air frame designs competing for that Jägernotprogramm's light fighter creation contract. which was won because of the Heinkel He 162 Spatz pattern. The BMW 003 aviation turbojet was also in mind as the basic beginning point for a pioneering turboshaft powerplant for German armored fighting automobiles in 1944-45, as the GT 101. Towards the end with 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 them were built.
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BMW 3-Series (F30)In 1992, BMW acquired a substantial stake in California-based manufacturing design studio DesignworksUSA, which they fully purchased in 1995. In 1994, BMW bought the United kingdom 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 large losses and BMW thought we would sell the combine. The MG and Rover brands were sold to the Phoenix Consortium to form MG Rover, while Land Rover was bought out by Ford. BMW, meanwhile, retained the rights to build the new Mini, which was launched throughout 2001.
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Fundamental designer Chris Bangle introduced his departure from BMW in February 2009, after serving on the look team for nearly over seventeen years. He was replaced simply by Adrian van Hooydonk, Bangle's former right-hand man. Bangle was known for his radical designs including the 2002 7-Series and the actual 2002 Z4. In July 2007, the production rights for Husqvarna Motorcycles was purchased by BMW for the reported 93 million pounds. BMW Motorrad plans to continue operating Husqvarna Motorcycles as being a separate enterprise. All development, sales and production pursuits, as well as the present workforce, have remained in location 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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