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The '''BMW Group''' (legally, '''Bayerische Motoren Werke AG''', commonly abbreviated to '''BMW''' ({{IPA|de|ˌbeːʔɛmˈveː|–|De-BMW.ogg}}), sometimes anglicized as '''(BIGBavarian MEXICANMotor WOMENWorks'''), is a German multinational manufacturer of [[luxury vehicle]]s and [[motorcycle]]s headquartered in [[Munich]], [[Bavaria]], Germany. The company was founded in 1916 as a manufacturer of [[aircraft engine]]s, which it produced from 1917 to 1918 and again from 1933 to 1945 creating engines for aircraft that were used in the [[World War II|Second World War]].
 
The companies automobiles are marketed under the BMW, [[Mini (marque)|Mini]] and [[Rolls-Royce Motor Cars|Rolls-Royce]] brands, and motorcycles are marketed under the [[BMW Motorrad]] brand. Also in 2023, BMW was the world's [[List of manufacturers by motor vehicle production|ninth-largest producer of motor vehicles]], with 2,555,341 vehicles produced<ref>{{cite web |url=https://www.factorywarrantylist.com/car-sales-by-manufacturer.html |title=2023 Worldwide Car Sales by Manufacturer |publisher=F&I Tools USA |date=2023 |access-date=1 May 2024}}</ref> and in 2023 the 6th largest by revenue.<ref>https://de.statista.com/statistik/daten/studie/30723/umfrage/umsatz-der-weltweit-fuehrenden-automobilhersteller/</ref> In 2023, the company was ranked 46th in the [[Forbes Global 2000]].<ref>{{Cite web|lang=en|url=https://www.forbes.com/lists/global2000/?sh=51d599675ac0|title=The Global 2000 2023|website=Forbes|access-date=2024-02-07|archive-date=2024-01-29|archive-url=https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0}}</ref> The company has significant motor-sport history, especially in [[touring car racing|touring cars]], [[sports car racing|sports cars]], and the [[Isle of Man TT]].
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=== 21st century ===
In January 2021, BMW announced that its sales in 2020 fell by 8.4 percent due to the impact of [[COVID-19 pandemic]] restrictions. However, in the fourth quarter of 2020, BMW witnessed a rise of 3.2% in its customers' demands.<ref>{{Cite news |date=12 January 2021 |title=BMW sales fall 8.4% in 2020 as coronavirus takes toll |work=Reuters |url=https://www.reuters.com/article/us-bmw-results-idUSKBN29H0Y7 |access-date=12 January 2021}}</ref> This recovery was supported by the company's adoption of widely accepted technologies and integration of third-party services such as ApplyApple Pay and on-demand music.<ref>{{Cite journal |last=Kukkamalla |first=Prasanna Kumar |last2=Bikfalvi |first2=Andrea |last3=Arbussa |first3=Anna |date=2021-07-07 |title=The new BMW: business model innovation transforms an automotive leader |url=https://www.emerald.com/insight/content/doi/10.1108/JBS-02-2020-0021/full/html |journal=Journal of Business Strategy |language=en |volume=42 |issue=4 |pages=268–277 |doi=10.1108/JBS-02-2020-0021 |issn=0275-6668|hdl=10256/19355 |hdl-access=free }}</ref>
 
On 18 January 2022 BMW announced a BMW 7 Series (G11) special edition simply called "The Final V12",<ref name="Road">{{cite web |last=Silvestro |first=Brian |date=18 January 2022 |title=BMW Waves Goodbye to the V-12 With a Final Edition M760Li |url=https://www.roadandtrack.com/news/a38803898/bmw-m760li-final-edition-v12/ |work=Road & Track |publisher=Hearst Communications}}</ref> the last BMW series production vehicle to be fitted with a V-12 engine.<ref name="Road" />