BMW (Bayerische Motoren Werke) is German automotive company formed in 1916 and initially produced aircraft engines. Currently main products of BMW are passenger cars, motorcycles and engines. Their cars are classified in a premium segment and their main rivals in the market are Audi, Mercedes and Volvo cars. BMW went down in history of motorsport with great successes in Formula 1, DTM touring cars (Deutsche Tourenwagen Masters) as well as in Isle of Man TT – motorcycle time trial on public roads. Company white and blue logo refers to the Flag of Bavaria where BMW's headquarters is placed in the Munich city. BMW offers wide variety of models beginning with city cars, through coupes, sedans, station wagons and ending with SUV's and electric cars. Bavarian company's products are appreciated for high quality and durability as well as aggressive design.