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Bayerische Motoren Werke AG German born for Bavarian Motor Functions, usually known under its abbreviation BMW, is a German high end vehicles, motorcycle, and engine manufacturing firm 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 within BMW Motorrad, and plug-in electric cars beneath BMW i sub-brand along with the "iPerformance" model designation inside regular BMW lineup. It is one on the best-selling luxury automakers on earth. The company is a factor of the Euro Stoxx 50 stock market index.BMW was established to be a business entity following a restructuring with the Rapp Motorenwerke aircraft creation firm in 1917. After the end involving World War I in 1918, BMW was forced to cease aircraft-engine production because of the terms of the Versailles Armistice Treaty. The company consequently changed to motorcycle production because the restrictions of the treaty began to be lifted in 1923, followed by automobiles in 1928-29.The first car which often BMW successfully produced as well as the car which launched BMW with respect to automobile production was the actual Dixi, based on the Austin tx 7 and licensed from the Austin Motor Company throughout Birmingham, England.

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BMW's initial significant aircraft engine, and commercial product connected with any sort, was the BMW IIIa inline-six liquid-cooled engine of 1918, known for good gasoline economy and high-altitude effectiveness. With German rearmament from the 1930s, the company again begun producing aircraft engines for that Luftwaffe. The factory in Munich made ample by using forced labour: foreign civilians, prisoners of war and inmates in the concentration camp Dachau. Among its successful Entire world War II engine patterns were the BMW 132 and BMW 801 air-cooled radial applications, 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 the Messerschmitt Me 262, the Me 262 V1, but in 1942 assessments the BMW prototype applications failed on takeoff using only the standby Junkers Jumo 210 nose-mounted piston engine powering it to a safe landing. [11][12] The few Me personally 262 A-1b test examples built used the more developed version of this 003 jet, recording an official best speed of 800 km/h (497 mph). The first-ever four-engine plane aircraft ever flown were being the sixth and eighth prototypes of the Arado Ar 234 jet reconnaissance-bomber, which used BMW 003 aircraft for power. Through 1944 the 003's dependability improved, making it a suitable power plant for fresh air frame designs competing for your Jägernotprogramm's light fighter manufacturing contract. which was won with the Heinkel He 162 Spatz pattern. The BMW 003 aviation turbojet was also into consideration as the basic kick off point for a pioneering turboshaft powerplant intended for German armored fighting motor vehicles in 1944-45, as the GT information and facts. Towards the end from 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 these individuals were built.

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BMW 3-Series (F30)In 1992, BMW acquired a huge stake in California-based industrial design studio DesignworksUSA, which they fully received 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 and also the rights to defunct models including Austin and Morris), and owned it regarding six years. By 2000, Rover was incurring enormous losses and BMW chose to sell the combine. The MG and Rover brands were sold on the Phoenix Consortium to type MG Rover, while Land Rover was bought out by Ford. BMW, meanwhile, retained the rights to make the new Mini, which was launched within 2001.

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Main designer Chris Bangle introduced his departure from BMW within February 2009, after serving on the style team for nearly 18 years. He was replaced simply by Adrian van Hooydonk, Bangle's former right-hand man. Bangle was known regarding 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 just a reported 93 million euros. BMW Motorrad plans to keep operating Husqvarna Motorcycles as being a separate enterprise. All development, sales and production things to do, as well as the latest workforce, have remained in place at its present area at Varese.In June 2012, BMW was listed for the reason that #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.".