Category: Automotive History
History of BMW Automobiles. BMW is an automobile manufacturing company of Germany that produces automobiles, motorcycles and engines. The business has its headquarters in Munich in Bavaria, and it also possesses and manufactures small cars, and it is the parent business of Rolls-Royce. BMW manufactures motorcycles under the name, BMW Motorrad, and it is a part of the luxury automobile manufacturers, the German Big 3, together with Mercedes-Benz and Audi, which are the three greatest-selling luxury automobile manufacturers in the world.
History of BMW Automobile
BMW was founded in 1916, and it was established as a company entity subsequent to a reorganization of the Rapp Motorenwerke airplane manufacturing business in 1917. After the end of the First World War in 1918, BMW was compelled to stop aircraft-engine manufacture by the stipulations of the Versailles Armistice Agreement. Consequently, the business shifted to motorcycle manufacture in 1923, once the limitations of the agreement lifted, BMW started manufacturing of automobiles during 1928–29.
The first sedan that BMW successfully manufactured and launched on the road to automobile manufacture was the Dixi, which was derived from the Austin 7 and approved from the Birmingham-based Austin Motor Company.
The BMW IIIa inline-six fluid-refrigerated engine was the first major aircraft engine of 1918, produced by BMW. The engine was much acknowledged for its high performance. With the rearmament of Germany in the 1930s, the business again started manufacturing airplane engines for the Luftwaffe, which was the aerial fighting branch of the German Wehrmacht during the Second World War.
During 1959, the automobile division of BMW was in economic crises and an investors meeting was organized to fix on whether to go into insolvency or find a way of continuing the business. It was determined to continue and to attempt to redeem on the existing economy car explosion enjoyed so productively with some of the Germany's ex-aircraft producers, like Heinkel and Messerschmitt. Since 1959, the Quandt family has been the controlling mass shareholder of the BMW Aktiengesellschaft that holds 46% of the stock. The remaining stock is in public float.
In 1966, BMW purchased the Dingolfing-based, German business Hans Glas and all the Glas automobiles were provided with the BMW logo, pending the company was completely absorbed.
During 1992, BMW purchased a huge stake in DesignworksUSA, which is an industrial design studio based in California and it fully acquired the business in 1995. In 1994, the business acquired the British Rover Group, and held it for six years. By 2000, the Rover Group was incurring heavy losses and BMW determined to sell, and sold both the MG and Rover products to the Phoenix Consortium to structure MG Rover, whereas Land Rover was assumed by Ford. Meanwhile, BMW retained the rights to construct the new Mini car, which was introduced in 2001.
Chris Bangle, the Chief designer of BMW announced his resignation in February 2009, and he was replaced by Adrian van Hooydonk, the earlier right-hand man of Bangle. Bangle was recognized for his sweeping designs, like the 2002 Z4 and the 2002 7-Series. During July 2007, the manufacturing rights for Husqvarna Motorcycles were acquired by BMW for 93 million Euros. The Motorrad plans of BMW to continue Husqvarna Motorcycles in service as a separate venture. All expansions, sales and manufacture activities, in addition to the existing workforce, have continued in place in its current locality at Varese.
During June 2012, BMW was listed as the number one most reputable business in the world, and the rankings are derived from factors, such as people's eagerness to buy, advocate, assist, and invest in a business is driven 60 percent by their insights of the business and only 40 percent by their observations on their products.
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