Bayerische Motoren Werke AG (info) (BMW),
(English: Bavarian Motor Works) is an independent German automobile
manufacturer founded in 1916. BMW is a worldwide manufacturer of
high-performance and luxury automobiles and motorcycles, and is the current
parent company of both the MINI and Rolls-Royce car brands.

After World War I, BMW (and Germany) was forced to cease aircraft
(engine) production by the terms of the Versailles Armistice Treaty.[2] The
company consequently shifted to motorcycle production in 1923 once the
restrictions of the treaty started to be lifted[3], followed by automobiles
in 1928.[citation needed]

The circular blue and white BMW logo or roundel is often alleged to
portray the movement of an airplane propeller, an interpretation that BMW
adopted for convenience in 1929, which was actually twelve years after the
roundel was created.[4][5] In fact, the emblem evolved from the circular
Rapp Motorenwerke company logo, from which the BMW company grew. The Rapp
logo was combined with the blue and white colors of the flag of Bavaria to
produced the BMW roundel so familiar today. Thus, the logo was created
before BMW ever tested an airplane engine.[dubious – discuss]

BMW’s first significant aircraft power plant was the BMW IIIa
inline-six liquid-cooled engine of 1918, much preferred for its
high-altitude performance.[citation needed] With German
rearmament in the 1930s, the company again began producing aircraft engines
for the Luftwaffe. Among its successful WWII engine designs were the BMW
132 and BMW 801 air-cooled radial engines, and the pioneering BMW 003
axial-flow turbojet, which powered the world’s first operational jet
fighter, the Messerschmitt Me 262.[citation needed]

BMW AG bought the British Rover Group[6] (which at the time
consisted of the Rover, Land
Rover and MG brands as well as the rights to defunct brands
including Austin and Morris) in 1994 and owned it for six years. By 2000,
Rover was making huge losses and BMW decided to sell the combine. The MG
and Rover brands were sold to the Phoenix Consortium to form MG Rover, while Land
Rover was taken over by Ford. BMW, meanwhile, retained the rights to build
the new MINI, which was launched in 2001.

The dominating shareholder of the BMW Aktiengesellschaft since 1959
is the Quandt family.
Stefan Quandt, Johanna Quandt and Susanne Klatten (born Quandt) together
own about 46% of the stocks. The rest is in public float.