BMW 507 is a roadster that was produced by BMW from 1956 until 1959.
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11 Facts About BMW 507
2.
BMW 507 was conceived by U S automobile importer Max Hoffman who, in 1954, persuaded the BMW management to produce a roadster version of the BMW 501 and BMW 502 saloons to fill the gap between the expensive Mercedes-Benz 300SL and the cheap and underpowered Triumph and MG sports cars.
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3.
In November 1954, at Hoffman's insistence, BMW contracted designer Albrecht von Goertz to design the BMW 503 and the 507.
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4.
BMW 507 made its debut at the Waldorf-Astoria Hotel in New York in the summer of 1955.
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5.
BMW had intended for 507 to revive the company's sporting image, but the higher production cost led the company to the verge of bankruptcy.
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6.
BMW lost money on each 507 built and resulted in the company's losses of DM 15 million for 1959.
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7.
BMW 507's losses led to the capital infusion from Herbert Quandt in order to prevent the bankruptcy.
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8.
Styling of the BMW 507 later influenced the Z3, the Z4, and, most noticeably, the Z8, with its chromed side vents and horizontal front grilles.
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9.
The BMW 507 remains a milestone model for its attractive styling.
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10.
In July 2014, BMW 507 Group announced that Presley's car would be on display for a short period at the BMW 507 Museum in Munich, before being entirely restored by its Classic department.
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11.
John Surtees was given a BMW 507 by Count Agusta for winning the 1956 500cc World Motorcycle Championship on an MV Agusta.
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