Many of us think of BMW as a very successful, prosperous German luxury automobile manufacturer, which it is, but that hasn't always been the case.It's an old company, having been officially founded March 7, 1916, as an aircraft producer.BMW stands for Bayerische Motoren Werke AG but didn't become an automobile manufacturer until 1928, when it purchased the German company Fahrzeugfabrik Eisenach, which built the popular English Austin Seven models under a licensing agreement then rebadged them using the name Dixi.
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