Bayerische Motoren Werke (BMW) is a German automobile, motorcycle and engine manufacturing company founded in 1916 and headquartered in Munich, Bavaria, Germany. It also owns and produces Mini cars, and is the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles under BMW Motorrad nameplate. The first BMW car ever produced was the Dixi under Austin Motor Company license in 1930. The current BMW success started with the 1962 launch of the Neue Klasse line of compact sedans and coupes. Actually BMW is the World leader in Premium vehicles production with over 1.66 million vehicles sold in the 2013 (just BMW cars excluding Mini and Rolls Royce) a record that will be hit again this year.