Bayerische Motoren Werke Aktiengesellschaft, trading as BMW Group, is a German multinational conglomerate manufacturer of luxury vehicles and motorcycles headquartered in Munich, Germany. The moniker, "BMW ", first came into use when the German firm Rapp Motorenwerke changed its name to Bayerische Motoren Werke GmbH in 1917. Thereafter, in 1922, the name and assets of BMW GmbH were transferred to the aircraft manufacturer Bayerische Flugzeugwerke AG, thereby giving rise to the company known today as BMW AG. BMW AG's automobiles are marketed under the BMW, Mini, and Rolls-Royce brands while its motorcycles are marketed under the BMW Motorrad brand. In 2023, BMW became the world's ninth-largest producer of motor vehicles as well as the 6th largest automaker by revenue. In 2023, it was ranked 46th in the Forbes Global 2000. The company also has significant motor-sport history, especially in touring cars, sports cars, and the Isle of Man TT. BMW initially focused on aircraft engine production during World War I, a legacy that influenced the company's engineering emphasis on performance and precision. Wikipedia