The BMW 501 was a luxury car manufactured by BMW from 1952 to 1958. Introduced at the first Frankfurt Motor Show in 1951, the 501 was the first BMW model to be manufactured and sold after the Second World War, and the first BMW automobile actually built in Bavaria. The 501 and its derivatives, including the V8 powered BMW 502, were nicknamed “Baroque Angels” for their graceful if dated styling by the German public. The BMW 502 was the first postwar German car to be manufactured with a V8 engine.
While the 501 and 502 model numbers were discontinued in 1958, variations of the model, with the same platform and body, were continued until 1963.
Background
Awtowelo restarts "BMW" production
BMW's World War II-era satellite motor car factory in Eisenach fell in the post-war Soviet occupation zone in the newly created Communist GDR. Manufacturing of pre-war BMW models was restarted postwar in late 1945 by the Soviet created entity Sowjetische AG Maschinenbau Awtowelo. Despite not being made by BMW AG, these cars bore the BMW logo and were being sold as BMWs.[2]