Bayerische Motoren Werke AG, German for Bavarian Motor Works, 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 the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles under BMW Motorrad, and plug-in electric cars under the BMW i sub-brand and the "iPerformance" model designation within the regular BMW lineup. It is one of the best-selling luxury automakers in the world.
The company faced stiff financial crisis in 1959 and it was decided that instead of liquidifying the organization, they will switch over to new sector of the automobile manufacturing. BMW produced its first aircraft engine in 1918 which was called as BMW IIIa. The engine gained appraisal from the consumers for its electrifying performance and agility. Soon after they produced jet-engine and Warcraft designs for World War II.
September 28th, 2016
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