Park Ave Motor Corp history

In August 1918, Bayerische Motoren Werke GmbH became a stock corporation.

After the company was sold to Knorr Bremse AG in 1920, financier Camillo Castiglioni acquired engine production along with the workforce and production facilities, the company name and the blue and white logo.

BMW AG subsequently transferred its engine construction operations – including the company and brand names – to BFW in 1922.

Despite the 1923 Treaty of Versailles' ban on aircraft production in Germany, Bayerische Motoren continued to operate and thrive.

Another Dixi, the DA2, based on the 6-cylinder model, was introduced in Berlin in July 1929.

The first car manufactured by BMW was a design borrowed from the Austin Motor Company. It was not until 1932 that BMW utilized its own designs and built its first car.

Starting in 1933, aircraft construction in Germany received substantial financial support from the government.

1936 – Establishment of the “Shadow Plant” Allach.

BMW was already making a name for itself and being linked to greatness, as this motorcycle set a world speed record that remained unbroken until 1937.

The all-steel bodied 327 was also introduced that year, and in September Popp unveiled the standard -production 328, which proved to be the fastest sports car of its time; it won the Italian Mille Miglia race in 1938.

A 1939 edict of the German Ministry of Aviation required Brandenburgische Motorenwerke to merge with Bayerische Motoren, and a new factory, Allach, was constructed with government money.

To keep up with production demands of the German military, BMW began to employ foreign workers in the year 1940.

By 1941, the plant had been significantly expanded for industrial production of aircraft engines.

Beginning in 1942, BMW began to employ POWs from Eastern Europe as well as forced laborers from Western Europe.

In October 1945, the US military government ordered the BMW plants in Munich and Allach to be dismantled.

In the immediate postwar years, few West Germans were in a position to buy cars, but by 1948, the year of German currency reform, there was a substantial need for motorcycles.

BMW had little to no influence over its organization at its Munich plant until 1949.

In 1951, BMW was able to produce its first automobile since the start of the war.

BMW's first post-war automobile was the 501, built from 1952 onwards.

In the Allach plant, BMW was not allowed any power until the year 1955.

The BMW 501 lived a short life and was taken off of the production lines in 1958.

To capitalize on the increasing market for cars--albeit inexpensive ones--Bayerische Motoren introduced the rear-engined 700 LS model in August 1959.

With the help of financial assistance from the German government, BMW was restructured under new management in 1960.

BMW presented the 1500 model at the 1961 Frankfurt Motor Show, and with it, fills a gap in the market.

1962: Introduction of the 1500 model creates a lasting market niche for BMW.

By 1963, the company was back in profit.

By 1965, however, when annual sales reached 18,000 units, the car had become the company's first long-term success of the postwar years.

After the United States mandated collapsible steering wheels in 1967, the British Mini Cooper retreated back to the United Kingdom and was not sold stateside for 35 years.

Nine more models had been introduced, sales for 1969 set a new record of 144,788 cars, and turnover was up to DM 1.4 billion.

Starting in 1970, BMW began building an administrative tower block in the north of Munich.

1971 – BMW Kredit GmbH.

1972 – The founding of BMW Motorsport GmbH.

The new building complex was officially opened on 18 May 1973.

In 1975, Nelson Piquet won the Formula 1 World Championship in a BMW-powered Brabham.

The BMW M division released its first road car, a mid-engine supercar, in 1978.

In 1980 the United States Environmental Protection Agency (EPA) first regulated new motorcycle hydrocarbon emissions, requiring motorcycles to emit less than 5.0 grams per km (0.3 ounce per mile) of highway driving.

BMW Steyr Motoren Gesellschaft was founded as a joint venture between BMW AG and Steyr-Daimler-Puch AG. An engine plant is built in Steyr, Austria according to plans drawn up by BMW AG. In 1982, BMW assumed sole responsibility for the plant and rebranded it as BMW Motoren GmbH, Steyr.

In 1984, for example, BMW of North America sold 71,000 cars.

1985 – BMW Technik GmbH.

Also in 1986, BMW introduced its first V12 engine in the 750i luxury sedan.

1987 – BMW starts up in Regensburg.

One of the first major projects for BMW Technik GmbH was the Z1 Roadster, which entered series production in 1988.

BMW decided to build an automobile production facility in the USA in 1989.

The facility was officially opened on 27 April 1990.

The merger brought together two of the few car manufacturers to generate profit in 1993 and gave BMW a much more diverse product line to match against the company’s mounting competition.

It was in 1994 that the company began production outside of Germany, setting up new factories in South Carolina, where the X5 and X6 are produced today, Oxford, Goodwood, South Africa and other locations.

Johanna Quandt sat on BMW's supervisory board when the Rover Group acquisition was made, but in 1997 she relinquished her post to the fourth generation of Quandt leadership, sister and brother Susanne and Stefan Quandt.

More Power" or "If you sold your soul in the '80s, here's your chance to buy it back." After its launch in 1998 demand for the New Beetle skyrocketed, and according to the Financial Times, by October 1998 Volkswagen had sold 64,000 units.

On 10 January 1999, a new vehicle concept was unveiled to the world for the first time at the Detroit Auto Show.

2000 – The Eberhard von Kuenheim Foundation.

Frankenheimer's "Ambush," the campaign's debut film, first became available for download on http://www.bmwfilms.com on April 26, 2001.

BMW projected selling only 25,000 MINIs in 2002–04, the first three years of its reintroduction in the United States, but in the first year alone more than 20,000 units were sold.

By June 2003 the films had been viewed more than 45 million times.

The campaign was developed over the following 18 months and launched in March 2004. "[The campaign] started as, 'Hey, let's build robots out of car parts,'" said Alex Bogusky, partner and executive creative director of the agency.

On February 14, 2005, a 60-second commercial began appearing across cable channels such as Spike TV, Speed Channel, Sci-Fi Channel, and Outdoor Life Network.

BMW paved the way once again, releasing the first mass-produced turbocharged petrol engine in 2006.

Initial production forecasts of 100,000 units per annum more than doubled to over 230,000 units in 2007 owing to high global demand.

In 2012, a second plant, Plant Tiexi also opened in Shenyang.

In 2013, the line-up was expanded to include the Wraith – the most powerful, most dynamic Rolls-Royce ever built.

Rooted in a strong reputation of producing the top sporting rear-wheel drive cars, BMW introduced its first front-wheel drive car in 2014 — the BMW 2 Series Active Tourer multi-purpose vehicle (MPV).

However, in the fourth quarter of 2020, BMW witnessed a rise of 3.2% of its customers' demands.