BMW is the acronym for Bayerische Werke, which translates to Bavarian Motor Works, in English. The shortened version was then adapted and popularized.
BMW was among the most troubled companies in the post-war era. In 1959, they were was almost taken over by Mercedes Benz before they received funding from a private investor.
The top speed of the i8 claims is 150 miles per hour even though this is actually restricted by electronic governance so as to keep in line with laws governing car manufacturing.