Bayerische Motoren Werke AG German for Bavarian Motor Works, usually known under their abbreviation BMW, is a German luxurious vehicles, motorcycle, and engine manufacturing firm founded in 1916. Headquartered in Munich, Bavaria, Germany. BMW owns Mini cars and it is the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles below BMW Motorrad, and plug-in electric cars beneath BMW i sub-brand plus the "iPerformance" model designation within the regular BMW lineup. It is one on the best-selling luxury automakers on this planet. The company is a component of the Euro Stoxx 50 wall street game index.BMW was established as being a business entity following a restructuring in the Rapp Motorenwerke aircraft making firm in 1917. After the end of World War I in 1918, BMW was forced for you to cease aircraft-engine production from the terms of the Versailles Armistice Treaty. The company consequently altered to motorcycle production because the restrictions of the treaty grew to become lifted in 1923, followed by automobiles with 1928-29.The first car that BMW successfully produced and 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 1st significant aircraft engine, and commercial product connected with any sort, was the BMW IIIa inline-six liquid-cooled serp of 1918, known for good energy resource economy and high-altitude performance. With German rearmament inside the 1930s, the company again began producing aircraft engines with the Luftwaffe. The factory in Munich made ample use of forced labour: foreign civilians, prisoners of war and inmates on the concentration camp Dachau. Among its successful World War II engine patterns were the BMW 132 along with BMW 801 air-cooled radial applications, 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 tested as a prime power plant from the first prototype of this Messerschmitt Me 262, the Me 262 V1, but in 1942 tests the BMW prototype machines failed on takeoff 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 actual 003 jet, recording an official best speed of 800 km/h (497 mph). The first-ever four-engine aircraft aircraft ever flown were being the sixth and eighth prototypes in the Arado Ar 234 airliner reconnaissance-bomber, which used BMW 003 jets for power. Through 1944 the 003's stability improved, making it a suited power plant for oxygen frame designs competing to the Jägernotprogramm's light fighter manufacturing contract. which was won from the Heinkel He 162 Spatz pattern. The BMW 003 aviation turbojet was also under consideration as the basic beginning for a pioneering turboshaft powerplant for German armored fighting autos in 1944-45, as the GT tips. Towards the end in the Third Reich, BMW developed some military aircraft projects to the Luftwaffe, the BMW Strahlbomber, the BMW Schnellbomber plus the BMW Strahljäger, but none of all of them were built.
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BMW 3-Series (F30)In 1992, BMW acquired a substantial stake in California-based business design studio DesignworksUSA, which they fully received in 1995. In 1994, BMW bought the United kingdom Rover Group[19] (which right at that moment consisted of the Rover, Land Rover and MG brands as well as the rights to defunct models including Austin and Morris), and owned it for six years. By 2000, Rover was incurring enormous losses and BMW thought i would sell the combine. The MG and Rover brands were sold for the Phoenix Consortium to type MG Rover, while Land Rover was absorbed by Ford. BMW, meanwhile, retained the rights to construct the new Mini, which was launched inside 2001.
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Chief designer Chris Bangle declared his departure from BMW throughout February 2009, after serving on the look team for nearly 19 years. He was replaced by Adrian van Hooydonk, Bangle's former right-hand man. Bangle was known for his radical designs including the 2002 7-Series and the actual 2002 Z4. In July 2007, the production rights for Husqvarna Motorcycles was purchased by BMW for just a reported 93 million euros. BMW Motorrad plans to keep operating Husqvarna Motorcycles like a separate enterprise. All development, sales and production things to do, as well as the present workforce, have remained in location 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.".
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