Alex von Falkenhausen Motorenbau (AFM) was a Formula One constructor. The team was started by Alex von Falkenhausen , who was in the 1930s an important engineer in the development of BMW's model 328, along with Alfred Boning, Ernst Loof and Fritz Fiedler. The 328 was a dominant sportscar in late 1930s Europe and winner of the 1940 Mille Miglia race in Brescia, Italy.

After World War II, von Falkenhausen opened a garage in Munich where he tuned pre-war 328s, comverting some of them into single-seaters, and in 1948 went on to build his own car marque with the 328's engine. As a result, the Formula 2 AFM appeared in 1949, driven by Hans Stuck, resulting in a third place at Grenzlandring. AFM won a heat in the Autodromo GP at Monza with Stuck behind the wheel, beating the Ferraris of Alberto Ascari and Juan Manuel Fangio. Other cars were raced by Fritz Reiss, Karl Gommann, Willi Heeks and Manfred von Brauschitsch. By 1951 Stuck was within the development of a lightweight V8 engine designed by Richard Kuchen. By the time 1953 rolled in, the cars were becoming less competitive and with the fall of F2 that year the marque and the team faded away.