How did the BMW logo actually come about?

Is the BMW logo really an aircraft propeller or is there another story behind the legendary brand?

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    In mt many years in on BMW showroom floors I have heard two stories from both older timers than me and from BMW N.A. The main explanation is that it is an airplane prop with the blue sky behind it (BMW made airplane engines). The other is that the White and Blue represent a "Coat of Arms"


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