Have You Heard of BMW and Do you know BMW and for What BMW stands for ?

Have You Heard of BMW and Do you know BMW and for What BMW stands for ?

                The Story of BMW

                   BMW Automobiles




Bayerische Motoren Werke conductor, ordinarily referred to as Bavarian Motor Works, BMW , is  a German automobile, bike and engine producing company supported in 1916.
BMW is headquartered in Munich, Bavaria. It conjointly owns and produces mini cars, and is that the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles under BMW Motorrad. In 2012, the BMW cluster made one,845,186 vehicles and 117,109 motorcycles across all of its brands. BMW is an element of the “German massive 3” luxury automakers, together with Audi and Mercedes-Benz, which are the three best-selling luxury automakers in the world.


History

After the tip of warfare I in 1918, BMW was forced to stop aircraft-engine production by the terms of the Versailles truce written agreement. The company consequently shifted to bike production in 1923, once the restrictions of the written agreement began to be upraised, followed by automobiles in 1928–29.

The first automobile that BMW with success made and also the automobile that launched BMW on the road to automobile production was the Dixi, it had been supported the state capital seven and licensed from the state capital Motor Company in Birmingham, England.
BMW’s initial vital engine (and industrial product of any sort) was the BMW IIIa inline-six liquid-cooled engine of 1918, a lot of most popular for its high-altitude performance. Among its sure-fire warfare II engine styles were the BMW 132 and BMW 801 cool radial engines, and also the pioneering BMW 003 axial-flow turbojet, which powered the MINI .


1958

It was set {to automobilery|to hold} on and to undertake to profit on this economy car boom enjoyed thus with success by a number of Germany’s ex-aircraft makers like Messerschmitt and Heinkel. The rights to manufacture the Italian Iso Isetta were bought; the little cars themselves were to be powered  by a changed kind of BMW’s own bike engine. This was moderately sure-fire and helped the corporate retreat to on its feet. The dominant majority shareowner of the BMW Aktiengesellschaft since 1959 is that the Quandt family, which owns about 46% of the stock. The rest is in public float.

1966

BMW noninheritable  the Hans Glas company based mostly in Dingolfing, Germany, in 1966. Glas vehicles were in brief badged as BMW till the corporate was totally absorbed. It was reputed that the acquisition was mainly to gain access to Glas’ development of the timing belt with an overhead camshaft in automotive applications, although some saw Glas’ Dingolfing plant as another incentive. However, this manufactory was old-fashioned and BMW’s biggest immediate gain was, consistent with themselves, a stock of highly qualified engineers and other personnel. The Glas factories continuing to make a restricted variety of their existing models, whereas adding the manufacture of BMW front and rear axles till they might be nearer incorporated into BMW.

1992

In 1992, BMW noninheritable  an oversized stake in California based mostly industrial style studio DesignworksUSA, that they totally noninheritable  in 1995. In 1994, BMW bought a people Rover Group[19] (which at the time consisted of the Rover, Land Rover and MG brands as well as the rights to defunct brands including state capital and Morris), and closely-held it for 6 years. By 2000, Rover was acquisition large losses and BMW set to sell the mix. The MG and Rover brands were oversubscribed to the Phoenix pool to make MG Rover, whereas Land Rover was appropriated by Ford. BMW, meanwhile, preserved the rights to make the new mini, that was launched in 2001.

2009

Chief designer Chris Bangle declared his departure from BMW in Feb 2009, when serving on the look team for nearly seventeen years. Bangle was known for his radical designs such as the 2002 7-Series and the 2002 Z4. In July 2007, the assembly rights for Husqvarna Motorcycles was purchased by BMW for a according ninety three million euros. BMW Motorrad plans to continue operative Husqvarna Motorcycles as a separate enterprise.

2012

In Gregorian calendar month 2012, BMW was listed as the #1 most reputable company in the world by Forbes.com. Rankings ar based mostly upon aspects like “people’s temperament to shop for, recommend, work for, and invest in a very company is driven hr by their perceptions of the corporate and only 40% by their perceptions of their products.”



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