BMW Brief History
Bavarian Motor Works (German: Bayerische Motoren Werke AG) or well-known as BMW is a German automobile, motorcycle and engine manufacturer founded in March 1916 by Franz Josef Popp, Karl Rapp and Camillo Castiglioni.
The BMW company is headquartered in Munch, Bavaria, Germany. As the parent company of Rolls-Royce Motor Cars, it owns and produces Mini cars. The BMW company produces motorcycles under BMW Motorrad. In 2012, a data shows that BMW group had produced 1,845,186 automobiles and 117, 109 motorcycles. Along with Audi and Mercedes-Benz, the BMW is part of the ‘German Big-3’ luxury automakers, which are the three best-selling automakers in the world.
The BMW company
was first established as an business entity, following a restructuring of the Rapp Motorenwerke aircraft manufacturing firm in 1917. In 1918, aftermath of the World War I, was forced to stop aircraft-engine production by the terms of the Versailles Armistice Treaty as a result of German loss during the World War. Facing the disability of producing aircraft-engine, the company shifted the production of motorcycle in 1923, followed up by automobile production later in the 1928-29.
The very first car the BMW company produced was named Dixi, based on the Austin 7 and licensed from the Austin Motor Company in Birmingham, England.
Recently, in June 2012, the BMW company was listed as the #1 most reputable company in the world by Forbes.com for holding 60% of the total surveys. Ranking was listed based upon the consumer’s willingness to buy, recommend, work for, and invest in the company.