Bayerische Motoren Werke AG In german for Bavarian Motor Functions, usually known under it's abbreviation BMW, is a German high-class vehicles, motorcycle, and engine manufacturing corporation 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 under BMW Motorrad, and plug-in electric cars beneath the BMW i sub-brand plus the "iPerformance" model designation inside the regular BMW lineup. It is one in the best-selling luxury automakers on the globe. The company is a factor of the Euro Stoxx 50 stock trading game index.BMW was established being a business entity following a restructuring of the Rapp Motorenwerke aircraft production firm in 1917. After the end involving World War I throughout 1918, BMW was forced for you to cease aircraft-engine production through the terms of the Versailles Armistice Treaty. The company consequently shifted to motorcycle production because restrictions of the treaty grew to become lifted in 1923, followed by automobiles within 1928-29.The first car that BMW successfully produced as well as the car which launched BMW on the path to automobile production was the particular Dixi, based on the Austin 7 and licensed from the Austin Motor Company in Birmingham, England.
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BMW's first significant aircraft engine, and commercial product associated with any sort, was the BMW IIIa inline-six liquid-cooled serp of 1918, known for good energy economy and high-altitude effectiveness. With German rearmament in the 1930s, the company again began producing aircraft engines with the Luftwaffe. The factory in Munich made ample utilization of forced labour: foreign civilians, prisoners of war and inmates in the concentration camp Dachau. Among its successful Planet War II engine types were the BMW 132 and also 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 tested as a prime power plant inside the first prototype of the Messerschmitt Me 262, the Me 262 V1, but in 1942 exams the BMW prototype motors failed on takeoff using only the standby Junkers Jumo 210 nose-mounted piston engine powering it to some safe landing. [11][12] The few Me 262 A-1b test examples built used the harder developed version of the 003 jet, recording an official top speed of 800 km/h (497 mph). The first-ever four-engine aircraft aircraft ever flown had been the sixth and eighth prototypes of the Arado Ar 234 fly reconnaissance-bomber, which used BMW 003 jets for power. Through 1944 the 003's trustworthiness improved, making it a appropriate power plant for air flow frame designs competing with the Jägernotprogramm's light fighter creation contract. which was won from the Heinkel He 162 Spatz design and style. The BMW 003 aviation turbojet was also involved as the basic starting point for a pioneering turboshaft powerplant pertaining to German armored fighting cars in 1944-45, as the GT information and facts. Towards the end from the Third Reich, BMW developed some military aircraft projects for the 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 large 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 back then consisted of the Rover, Land Rover and MG brands as well as the rights to defunct makes including Austin and Morris), and owned it intended for six years. By 2000, Rover was incurring huge losses and BMW thought i would sell the combine. The MG and Rover brands were sold to 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 inside 2001.
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Chief designer Chris Bangle declared his departure from BMW within February 2009, after serving on the style team for nearly 19 years. He was replaced by simply Adrian van Hooydonk, Bangle's former right-hand male. Bangle was known regarding his radical designs including the 2002 7-Series and the actual 2002 Z4. In July 2007, the production rights regarding Husqvarna Motorcycles was purchased by BMW to get a reported 93 million euros. BMW Motorrad plans to carry on operating Husqvarna Motorcycles like a separate enterprise. All development, sales and production activities, as well as the existing workforce, have remained in spot at its present area at Varese.In June 2012, BMW was listed as 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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