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Bayerische Motoren Werke AG In german for Bavarian Motor Performs, usually known under its 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 particularly the parent company regarding Rolls-Royce Motor Cars. BMW produces motorcycles below BMW Motorrad, and plug-in electric cars within the BMW i sub-brand and the "iPerformance" model designation in the regular BMW lineup. It is one on the best-selling luxury automakers on the globe. The company is a component of the Euro Stoxx 50 currency markets index.BMW was established to be a business entity following a restructuring from the Rapp Motorenwerke aircraft creation firm in 1917. After the end involving World War I throughout 1918, BMW was forced to be able to cease aircraft-engine production because of the terms of the Versailles Armistice Treaty. The company consequently altered to motorcycle production for the reason that restrictions of the treaty started to be lifted in 1923, followed by automobiles with 1928-29.The first car which in turn BMW successfully produced and the car which launched BMW with respect to automobile production was the Dixi, based on the Austin tx 7 and licensed in the Austin Motor Company within Birmingham, England.

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BMW's primary significant aircraft engine, and commercial product associated with any sort, was the BMW IIIa inline-six liquid-cooled serp of 1918, known for good fuel economy and high-altitude effectiveness. With German rearmament within the 1930s, the company again commenced producing aircraft engines for that Luftwaffe. The factory in Munich made ample use of forced labour: foreign civilians, prisoners of war and inmates with the concentration camp Dachau. Among its successful Globe War II engine styles were the BMW 132 in addition to BMW 801 air-cooled radial engines, and the pioneering BMW 003 axial-flow turbojet, which powered the little, 1944-1945-era jet-powered "emergency fighter", the Heinkel He 162 Spatz. The BMW 003 jet engine was tested as a prime power plant in the first prototype of this Messerschmitt Me 262, the Me 262 V1, but in 1942 testing the BMW prototype machines failed on takeoff using only the standby Junkers Jumo 210 nose-mounted piston engine powering it to some safe landing. [11][12] The few Me 262 A-1b test examples built used the greater developed version of the particular 003 jet, recording an official leading speed of 800 km/h (497 mph). The first-ever four-engine aircraft aircraft ever flown were being the sixth and eighth prototypes from the Arado Ar 234 airliner reconnaissance-bomber, which used BMW 003 jets for power. Through 1944 the 003's stability improved, making it a suitable power plant for oxygen frame designs competing for the Jägernotprogramm's light fighter creation contract. which was won because of the Heinkel He 162 Spatz pattern. The BMW 003 aviation turbojet was also under consideration as the basic starting point for a pioneering turboshaft powerplant with regard to German armored fighting cars in 1944-45, as the GT info. Towards the end with the Third Reich, BMW developed some military aircraft projects with the Luftwaffe, the BMW Strahlbomber, the BMW Schnellbomber and the BMW Strahljäger, but none of these 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 during the time consisted of the Rover, Land Rover and MG brands plus the rights to defunct makes including Austin and Morris), and owned it with regard to six years. By 2000, Rover was incurring large losses and BMW thought we would sell the combine. The MG and Rover brands were sold on the Phoenix Consortium to variety 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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Main designer Chris Bangle introduced his departure from BMW within February 2009, after serving on the look team for nearly 18 years. He was replaced by Adrian van Hooydonk, Bangle's former right-hand guy. Bangle was known pertaining to his radical designs for example the 2002 7-Series and your 2002 Z4. In July 2007, the production rights regarding Husqvarna Motorcycles was purchased by BMW for just a reported 93 million pounds. BMW Motorrad plans to carry on operating Husqvarna Motorcycles to be a separate enterprise. All development, sales and production actions, as well as the present workforce, have remained in position at its present area at Varese.In June 2012, BMW was listed because #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.".