Bayerische Motoren Werke AG The german language for Bavarian Motor Functions, usually known under its abbreviation BMW, is a German luxury vehicles, motorcycle, and engine manufacturing company 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 along with the "iPerformance" model designation in the regular BMW lineup. It is one with the best-selling luxury automakers in the world. The company is a component of the Euro Stoxx 50 stock exchange index.BMW was established as a business entity following a restructuring in the Rapp Motorenwerke aircraft production firm in 1917. After the end involving World War I within 1918, BMW was forced to be able to cease aircraft-engine production because of the terms of the Versailles Armistice Treaty. The company consequently changed to motorcycle production since the restrictions of the treaty turned lifted in 1923, followed by automobiles throughout 1928-29.The first car which often BMW successfully produced plus the car which launched BMW in relation to automobile production was the actual Dixi, based on the Austin texas 7 and licensed from the Austin Motor Company in Birmingham, England.
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BMW's first significant aircraft engine, and commercial product connected with any sort, was the BMW IIIa inline-six liquid-cooled serp of 1918, known for good gas economy and high-altitude performance. With German rearmament inside the 1930s, the company again started out producing aircraft engines for the Luftwaffe. The factory in Munich made ample usage of forced labour: foreign civilians, prisoners of war and inmates on the concentration camp Dachau. Among its successful Planet War II engine patterns were the BMW 132 along with 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 inside first prototype of your Messerschmitt Me 262, the Me 262 V1, but in 1942 assessments the BMW prototype machines failed on takeoff having only the standby Junkers Jumo 210 nose-mounted piston engine powering it to a safe landing. [11][12] The few Us 262 A-1b test examples built used the greater developed version of the particular 003 jet, recording an official major speed of 800 km/h (497 mph). The first-ever four-engine aircraft aircraft ever flown were the sixth and eighth prototypes with the Arado Ar 234 airliner reconnaissance-bomber, which used BMW 003 aircraft for power. Through 1944 the 003's reliability improved, making it a ideal power plant for air flow frame designs competing for the Jägernotprogramm's light fighter generation contract. which was won because of the Heinkel He 162 Spatz style. The BMW 003 aviation turbojet was also under consideration as the basic kick off point for a pioneering turboshaft powerplant with regard to German armored fighting vehicles in 1944-45, as the GT information. Towards the end with the Third Reich, BMW developed some military aircraft projects for that Luftwaffe, the BMW Strahlbomber, the BMW Schnellbomber as well as 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 bought in 1995. In 1994, BMW bought the British isles 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 with regard to six years. By 2000, Rover was incurring huge losses and BMW made a decision to sell the combine. The MG and Rover brands were sold towards the Phoenix Consortium to style MG Rover, while Land Rover was absorbed by Ford. BMW, meanwhile, retained the rights to develop the new Mini, which was launched inside 2001.
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Key designer Chris Bangle released his departure from BMW with February 2009, after serving on the structure team for nearly 17 years. He was replaced by simply Adrian van Hooydonk, Bangle's former right-hand man. Bangle was known with regard to his radical designs for example the 2002 7-Series and the particular 2002 Z4. In July 2007, the production rights pertaining to Husqvarna Motorcycles was purchased by BMW for a 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 latest workforce, have remained in place at its present position 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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