The number one brand choice for most of the world’s top politicians, businessmen, and celebrities, BMW is mostly renowned for its quality, comfort, reliability, and safety. In fact, BMW is one of the most popular and luxury car brands in the world.
BMW Back History (Legacy)
What does BMW stand for?
The BMW name stands for Bayerische Motoren Werke GmbH which roughly translates to the Bavarian Engine Works Company. BMW was created in 1917 by the Munich firm Rapp-Motorenwerke. The company was incorporated into Knorr-Bremse AG in 1920 before being refounded as BMW AG in 1922. It was the successor of Bayerische Flugzeugwerke AG, founded in 1916. 1916 is therefore considered BMW’s founding year.
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History
Today's BMW AG has its origin in Rapp-Motorenwerke GmbH, which began producing aircraft engines in 1913. During the First World War, Rapp supplied the air force of the German Empire. At that time, automobiles had not yet broken through into the mainstream. If you wanted to travel long distances on land, you went by train.
Rapp Motorenwerke had its headquarters in the Bavarian capital, Munich – as did the factory where the engines were fitted into the aircraft, Gustav Otto Flugmaschinenfabrik. When the Otto company went bankrupt in 1916, it became Bayerische Flugzeugwerke AG (BFW). Shortly afterward, Rapp also changed its company name: In 1917, the company became known as Bayerische Motoren Werke GmbH. BMW’s origin in the Rapp company can also be seen on the logo. In 1918, the factory premises of the Bayerische Motoren Werke GmbH were still a greenfield site. Today, BMW Group Classic occupies these prestigious buildings in the Moosacher Straße, Munich.
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In August 1918, Bayerische Motoren Werke GmbH became a stock corporation. But the end of the First World War brought a halt to the construction of aircraft engines, as the Treaty of Versailles forbade Germany from building them. So BMW shifted its focus to railway brakes and built-in motors. This was so successful that the Berlin-based brakes company Knorr-Bremse AG took majority ownership of BMW in 1920, integrated the company, and relocated to Munich. Bayerische Motoren Werke GmbH as an independent company disappeared temporarily from the scene – albeit not for long.
Here's a picture of BMW’s plant in the 1970s.
In 1922, the major investor and aircraft construction pioneer Camillo Castiglioni was the main shareholder of Knorr-Bremse AG. He bought the BMW company name and took over engine construction operations, along with the employees, production facilities, and company logo, and transferred everything to BFW, Bayerische Flugzeugwerke AG.
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In the same year, the company moved into BFW’s factory buildings in Lerchenauer Strasse and changed its name to Bayerische Motoren Werke AG. And that’s how the BMW name found its way into the commercial register for a second time.
All this means that BMW AG is the legal successor of BFW. The corporate headquarters and parent plant of the BMW Group are still located at the former BFW site in Milbertshofen, Munich to this day. And there’s something else the aircraft manufacturers bequeathed to BMW AG, too: BFW’s founding date of March 7, 1916, is considered to be BMW’s official birthday.
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The first BMW motorcycle, the R 32, came onto the market in 1923, followed in 1933 by the BMW 303, the company’s first completely new, self-developed car. BMW AG ceased the production of aircraft engines at the end of the Second World War.
BMW Cars in Nepal
BMW has already started the sales of its X-series models in the Nepali market. Laxmi Premium Pvt. Ltd has imported this luxury brand into the Nepali market. The firm is also known for distributing other premium cars in the country.
BMW had just inaugurated its official flagship showroom at Tinkune, Kathmandu a few weeks ago.
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