BMW - what does it mean?

Can anyone tell me what the abbreviation BMW stands for, I think it's something like Bauhaus Motor Works but I'm not sure.

Cheers.
Estoril.

Bavarian Motor Works, or its German equivalent, which should have the same initials.

Thanks, just found this:

Bayrische Motorenwerke, which is trandlated to "Bavarian Motor Factory", I think!

Estoril