Bayerische Motoren Werke AG German for Bavarian Motor Functions, usually known under their abbreviation BMW, is a German high end vehicles, motorcycle, and engine manufacturing organization founded in 1916. Headquartered in Munich, Bavaria, Germany. BMW owns Mini cars and is the parent company regarding Rolls-Royce Motor Cars. BMW produces motorcycles underneath BMW Motorrad, and plug-in electric cars underneath the BMW i sub-brand along with the "iPerformance" model designation from the regular BMW lineup. It is one from the best-selling luxury automakers on the planet. The company is an element of the Euro Stoxx 50 currency markets index.BMW was established being a business entity following a restructuring on the Rapp Motorenwerke aircraft making firm in 1917. After the end involving World War I in 1918, BMW was forced to be able to cease aircraft-engine production through the terms of the Versailles Armistice Treaty. The company consequently changed to motorcycle production for the reason that restrictions of the treaty started to be lifted in 1923, followed by automobiles throughout 1928-29.The first car which in turn BMW successfully produced along with the car which launched BMW on the road to automobile production was the Dixi, based on the Austin 7 and licensed on the Austin Motor Company throughout Birmingham, England.
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BMW's very first significant aircraft engine, and commercial product regarding any sort, was the BMW IIIa inline-six liquid-cooled powerplant of 1918, known for good energy economy and high-altitude efficiency. With German rearmament inside the 1930s, the company again began producing aircraft engines for your Luftwaffe. The factory in Munich made ample using forced labour: foreign civilians, prisoners of war and inmates of the concentration camp Dachau. Among its successful Planet War II engine designs were the BMW 132 in addition to BMW 801 air-cooled radial machines, 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 actual Messerschmitt Me 262, the Me 262 V1, but in 1942 exams the BMW prototype motors failed on takeoff together 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 particular 003 jet, recording an official major speed of 800 km/h (497 mph). The first-ever four-engine fly aircraft ever flown were the sixth and eighth prototypes with the Arado Ar 234 plane reconnaissance-bomber, which used BMW 003 jets for power. Through 1944 the 003's stability improved, making it a suited power plant for air frame designs competing for your Jägernotprogramm's light fighter generation contract. which was won from the Heinkel He 162 Spatz layout. The BMW 003 aviation turbojet was also into account as the basic beginning for a pioneering turboshaft powerplant pertaining to German armored fighting automobiles in 1944-45, as the GT tips. Towards the end in 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 all of them were built.
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BMW 3-Series (F30)In 1992, BMW acquired a big stake in California-based industrial design studio DesignworksUSA, which they fully received in 1995. In 1994, BMW bought the British isles Rover Group[19] (which right at that moment consisted of the Rover, Land Rover and MG brands and also the rights to defunct brands including Austin and Morris), and owned it pertaining to six years. By 2000, Rover was incurring big losses and BMW decided to sell the combine. The MG and Rover brands were sold on the Phoenix Consortium to form MG Rover, while Land Rover was bought out by Ford. BMW, meanwhile, retained the rights to create the new Mini, which was launched throughout 2001.
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Chief designer Chris Bangle reported his departure from BMW in February 2009, after serving on the planning team for nearly 17 years. He was replaced by Adrian van Hooydonk, Bangle's former right-hand person. Bangle was known with regard to 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 any reported 93 million euros. BMW Motorrad plans to carry on operating Husqvarna Motorcycles as a separate enterprise. All development, sales and production things to do, as well as the present workforce, have remained in location at its present spot at Varese.In June 2012, BMW was listed since 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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