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Bayerische Motoren Werke AG In german for Bavarian Motor Performs, usually known under the abbreviation BMW, is a German luxurious vehicles, motorcycle, and engine manufacturing corporation founded in 1916. Headquartered in Munich, Bavaria, Germany. BMW owns Mini cars and is also the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles underneath BMW Motorrad, and plug-in electric cars within the BMW i sub-brand as well as the "iPerformance" model designation in 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 with the Rapp Motorenwerke aircraft manufacturing firm in 1917. After the end associated with World War I with 1918, BMW was forced for you to cease aircraft-engine production through the terms of the Versailles Armistice Treaty. The company consequently changed to motorcycle production because the restrictions of the treaty has become lifted in 1923, followed by automobiles inside 1928-29.The first car that BMW successfully produced as well as the car which launched BMW in relation to automobile production was the particular Dixi, based on the Austin texas 7 and licensed from your Austin Motor Company in Birmingham, England.

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BMW's very first significant aircraft engine, and commercial product connected with any sort, was the BMW IIIa inline-six liquid-cooled powerplant of 1918, known for good fuel economy and high-altitude efficiency. With German rearmament within the 1930s, the company again started out producing aircraft engines to the Luftwaffe. The factory in Munich made ample by using forced labour: foreign civilians, prisoners of war and inmates from the concentration camp Dachau. Among its successful World War II engine types were the BMW 132 in addition to BMW 801 air-cooled radial applications, and the pioneering BMW 003 axial-flow turbojet, which powered the teeny, 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 the particular Messerschmitt Me 262, the Me 262 V1, but in 1942 tests the BMW prototype motors failed on takeoff with only the standby Junkers Jumo 210 nose-mounted piston engine powering it with a safe landing. [11][12] The few Myself 262 A-1b test examples built used the more developed version of your 003 jet, recording an official leading speed of 800 km/h (497 mph). The first-ever four-engine jet aircraft ever flown ended up the sixth and eighth prototypes in the Arado Ar 234 airliner reconnaissance-bomber, which used BMW 003 jets for power. Through 1944 the 003's reliability improved, making it a acceptable power plant for air frame designs competing to the Jägernotprogramm's light fighter production contract. which was won by the Heinkel He 162 Spatz design. The BMW 003 aviation turbojet was also into consideration as the basic starting point for a pioneering turboshaft powerplant with regard to German armored fighting vehicles in 1944-45, as the GT information. Towards the end on the Third Reich, BMW developed some military aircraft projects for that Luftwaffe, the BMW Strahlbomber, the BMW Schnellbomber plus the BMW Strahljäger, but none of these individuals 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 acquired in 1995. In 1994, BMW bought the English Rover Group[19] (which right at that moment consisted of the Rover, Land Rover and MG brands plus the rights to defunct brand names including Austin and Morris), and owned it for six years. By 2000, Rover was incurring massive losses and BMW thought i would sell the combine. The MG and Rover brands were sold for the Phoenix Consortium to variety MG Rover, while Land Rover was bought out by Ford. BMW, meanwhile, retained the rights to create the new Mini, which was launched within 2001.

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Key designer Chris Bangle introduced his departure from BMW throughout February 2009, after serving on the planning team for nearly 17 years. He was replaced by means of Adrian van Hooydonk, Bangle's former right-hand man. Bangle was known for his radical designs including 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 remain operating Husqvarna Motorcycles as being a separate enterprise. All development, sales and production actions, as well as the present workforce, have remained in area at its present position at Varese.In June 2012, BMW was listed because #1 most reputable company on the 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.".