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Bayerische Motoren Werke AG In german for Bavarian Motor Functions, usually known under their abbreviation BMW, is a German luxurious vehicles, motorcycle, and engine manufacturing organization founded in 1916. Headquartered in Munich, Bavaria, Germany. BMW owns Mini cars and it is the parent company regarding Rolls-Royce Motor Cars. BMW produces motorcycles below BMW Motorrad, and plug-in electric cars under the BMW i sub-brand plus the "iPerformance" model designation inside regular BMW lineup. It is one of the best-selling luxury automakers on the planet. The company is an element of the Euro Stoxx 50 currency markets index.BMW was established as a business entity following a restructuring on the Rapp Motorenwerke aircraft making firm in 1917. After the end connected with 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 altered to motorcycle production as the restrictions of the treaty started to be lifted in 1923, followed by automobiles in 1928-29.The first car which BMW successfully produced along with the car which launched BMW on the path to automobile production was your Dixi, based on the Austin texas 7 and licensed from the Austin Motor Company inside Birmingham, England.

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BMW's first significant aircraft engine, and commercial product involving any sort, was the BMW IIIa inline-six liquid-cooled powerplant of 1918, known for good gas economy and high-altitude effectiveness. With German rearmament inside the 1930s, the company again began producing aircraft engines to the Luftwaffe. The factory in Munich made ample use of forced labour: foreign civilians, prisoners of war and inmates from the concentration camp Dachau. Among its successful World 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 small, 1944-1945-era jet-powered "emergency fighter", the Heinkel He 162 Spatz. The BMW 003 jet engine was tested as a prime power plant inside first prototype of the actual Messerschmitt Me 262, the Me 262 V1, but in 1942 assessments the BMW prototype applications failed on takeoff along 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 harder 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 being the sixth and eighth prototypes on 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 air frame designs competing with the Jägernotprogramm's light fighter generation contract. which was won because of the Heinkel He 162 Spatz design. The BMW 003 aviation turbojet was also into account as the basic kick off point for a pioneering turboshaft powerplant regarding German armored fighting cars in 1944-45, as the GT information and facts. Towards the end of the Third Reich, BMW developed some military aircraft projects for your Luftwaffe, the BMW Strahlbomber, the BMW Schnellbomber and also the BMW Strahljäger, but none of these people were built.

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BMW 3-Series (F30)In 1992, BMW acquired a big stake in California-based business design studio DesignworksUSA, which they fully obtained 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 brands including Austin and Morris), and owned it intended for six years. By 2000, Rover was incurring enormous losses and BMW made a decision to sell the combine. The MG and Rover brands were sold on the Phoenix Consortium to variety MG Rover, while Land Rover was taken over by Ford. BMW, meanwhile, retained the rights to make the new Mini, which was launched in 2001.

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Key designer Chris Bangle declared his departure from BMW with February 2009, after serving on the style team for nearly 17 years. He was replaced by Adrian van Hooydonk, Bangle's former right-hand person. Bangle was known for his radical designs for example the 2002 7-Series and the particular 2002 Z4. In July 2007, the production rights with regard to Husqvarna Motorcycles was purchased by BMW for a reported 93 million pounds. BMW Motorrad plans to carry on operating Husqvarna Motorcycles as being a separate enterprise. All development, sales and production routines, as well as the actual workforce, have remained in area at its present location at Varese.In June 2012, BMW was listed because the #1 most reputable company on earth 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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