While today it’s a staple of the auto industry, BMW got its start as a manufacturer of airplane engines. Otto Flugmaschinenfabrik, a company that produced airplane parts, was founded by Gustav Otto in 1910. After the 1922 acquisition of a smaller company named Bayerische Motoren Werke, the company adopted this name and, over time, became known as simply BMW. In English, the company’s name translates to Bavarian Motor Works.