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The company was founded in 1916 and is headquartered in Munich, Bavaria. But the real origins of the company's name date back to 1880, when the company was then a sponsor of Luftwaffe, and Carl and Gustavo Otto were considered the first founders of the company. The company began manufacturing aircraft engines in its early days and began manufacturing cars in 1928. On March 7, Karl Raab founded the company in partnership with Franz Pope and wealthy banker Camilo Castiglioni. BMW was not originally a car manufacturer, after the merger of Wrap Motors with Motor Work, it produced aircraft engines for the German Air Force under the name Wrap Motorwerk, but after Germany's defeat in World War I, the production of aircraft engines was banned. Under the Treaty of Versailles, warplanes and their engines were produced in Germany, so the company began manufacturing motorcycles before deciding to enter the automotive industry with its first BMW 315.
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