BMW Once Restored Elvis Presley's BMW 507 Roadster
Read the full story on Backfire News
Almost a decade ago BMW made a huge stir when it revealed Elvis Presley's fully restored BMW 507. The little white roadster was a thing of legend, a ride owned by none other than the King of Rock himself while he was serving in the military over in Germany. But for decades it disappeared and nobody seemed to know where it went.What so many didn't know was the classic German car, worth millions of dollars, was just sitting in a warehouse in Half Moon Bay, south of San Francisco, in horrific condition. That alone is amazing to think about.
The car itself was already a celebrity before Elvis bought it. That very one was shown at the Frankfurt International Motor Show in 1957, wowing the crowd. Then Hans Stuck competed in several races behind the wheel before the white roadster was used for press test drives and video shots.
It wasn't until December 1958 that a dealer in Frankfurt sold the 507 to Elvis Presley, who later had it painted red. After he was done with his tour of duty, in March 1960 the Bimmer was shipped back to the US.
Eventually, it changed hands rapidly several times, slipping into obscurity. It turns out an engineer named Jack Castor bought it back in 1968 and he kept it hidden away. The guy had been able to ascertain the roadster was raced by Hans Stuck, but he didn't know about it being owned by Elvis.
Once that fact was uncovered, BMW Group Classic made him an offer he couldn't refuse (we can only imagine how many zeroes there were). Then the automaker got to work painstakingly restoring the BMW 507.
The finished product was revealed during Monterey Car Week in 2016, showing off to the public the beautiful, celebrity-owned roadster. The automaker also released photos of the restoration process, and now we have a short video sequence of it. This is truly the stuff of automotive history.
Images via BMW
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Every Popcorn Moment on the Day Musk-Trump Exploded
President Donald Trump's relationship with former 'First Buddy' Elon Musk has devolved from well-wishes to war of the roses on the heels of the Tesla billionaire's blitzkrieg against the MAGA president. Yet according to corrosive comments shared by the two polarizing political figures, their bad blood has been brewing before they officially bid adieu in a strained May 30 press conference at the White House. In a June 1 CBS Sunday Morning interview, Musk soft launched the civil war, claiming that he was 'disappointed' by Trump's 'Big Beautiful Bill' and alleging it 'undermines' his DOGE work by adding an estimated $2.4 trillion to the federal deficit. After ripping the bill as a 'pork-filled,' 'disgusting abomination' in a June 3 tweet, Musk followed with a tweet at 2:07 a.m. on June 4, commenting that the bill 'defeats all the cost savings achieved by the @DOGE.' By 9 a.m. Thursday morning, Musk's gloves were off and he was ready to wage war on X. He retweeted a post from the fake news parody account Babylon Bee that quipped, 'Congress Warns Failure To Pass Spending Bill Might Delay Destruction Of The Country.' At 10:41 a.m., he retweeted his Fox interview discussing fears that the government will 'go bankrupt' from overspending. He captioned the post: 'That's what it comes down to.' At 10:52 a.m., Musk retweeted a post by angel investor and entrepreneur Jason Calacanis, claiming that, 'The majority of republican *voters* strongly agree with Elon and want the BBB trimmed down.' The tweet added, '@elonmusk left the Democratic Party and sacrificed much in his relentlessly supported the GOP. The GOP leadership should give his counsel serious consideration. 🫡' Musk captioned the post with a 'yes' as he shared it. At 11:20 a.m., Musk appeared to be hoping to get Trump's attention by turning the president's previous statements against his current actions. He shared a 2013 post in which Trump said he was 'embarrassed' by Republicans under former President Barack Obama's tenure because they 'are extending the debt ceiling.' Musk quipped on X, 'wise words.' At 11:46 a.m., Musk followed with another old Trump tweet in which he declared 'no member of Congress should be eligible for re-election if our country's budget is not balanced---deficits not allowed!' To which Musk responded on X, 'I couldn't agree more! 🇺🇸🇺🇸' At 12:10 p.m., Musk tweeted, 'Slim Beautiful Bill for the win 🥇' At 12:13 p.m., Musk continued taking shots at Trump and even tagging the president's X account, urging him to 'keep the good, remove the bad' in his mega bill. Around 12:10 p.m., Musk and Trump came to blows in real time as Trump was forced to answer questions about Musk's attacks in front of his Oval Office guest, German Chancellor Friedrich Merz. 'Elon is upset because we took the EV mandate which was a lot of money for electric vehicles,' Trump told reporters. 'They're having a hard time the electric vehicles, and they want us to pay billions of dollars in subsidy. Elon knew this from the beginning.' At 12:19 p.m., Musk began to respond on X to Trump's comment with, 'Whatever. Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill.' At 12:25 p.m., Musk responded to Trump's comment that he 'knew' the 'inner workings of the bill' with, 'False, this bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it!' A minute later, at 12:26 p.m., Musk retweeted comments from Tennessee Rep. Andy Ogles in which he declared that the bill is 'not beautiful yet.' Ogles told host Matt Gaetz, 'The Senate's job is to make the bill better before sending it back to us. The House's job is to pass DOGE rescissions and EO codification bills that are collecting dust.' Musk seemed to like the comments with an American flag emojii. At 12:44 p.m., Musk doubled down on sharing Trump's old tweets on X, writing on X, 'Where is this guy today?? At 1:38 p.m., Musk added on X, 'Remember this?@realDonaldTrump,' sharing the video of Trump shilling for Tesla outside the White House. A minute later, at 1:39 p.m., Musk was attacking Trump's 'beautiful' bill as an 'ugly spending bill will make things much worse' for Americans paying interest rates to federal creditors. At 2:23 p.m., Musk claimed in a tweet, 'Not even those in Congress who had to vote on the Big Ugly Spending Bill had time to read it!' At 2:37 p.m., Trump entered the ring with Musk via Truth Social, hitting back against his posts with a claim that Musk was 'wearing thin' in the White House so he 'asked him to leave.' 'I took away his EV Mandate that forced everyone to buy his Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!' wrote Trump in the post. In the same minute, Trump wrote that the easiest way for the government to save money would be to cancel Musk's 'billions and billions of dollars' in 'government subsidies and contracts.' He added, 'I was always surprised that Biden didn't do it!' At 2:45 p.m., Musk seemed to address a report that the nucleus of his rift with Trump began because he rejected billionaire astronaut Jared Isaacman from a top federal position. Musk wrote: 'This is what he said about Jared,' sharing a post of Trump's 2024 nomination of Isaacman. At 2:48 pm., Musk moved to countering Trump's Truth Social posts. About the 'wearing thin' claims, Musk wrote on X, 'Such an obvious lie. So sad.' At 3:10 p.m., Musk went scorched earth. 'Time to drop the really big bomb,' he tweeted. '@realDonaldTrump is in the Epstein files. That is the real reason they have not been made public.' He added, 'Have a nice day, DJT!' At 3:20 p.m., he doubled down in a tweet, 'Mark this post for the future. The truth will come out.' At 4:06 p.m., Musk called Trumps bluff about government contracts, announcing on X: 'In light of the President's statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately.' At the same time, Trump added on Truth Social, 'I don't mind Elon turning against me, but he should have done so months ago.' He added, 'This is one of the Greatest Bills ever presented to Congress. It's a Record Cut in Expenses, $1.6 Trillion Dollars, and the Biggest Tax Cut ever given.' Trump concluded, 'I didn't create this mess, I'm just here to FIX IT. This puts our Country on a Path of Greatness.' At 4:11 p.m., Musk began responding to comments around calls for Trump to be impeached again. To a tweet urging that 'Trump should be impeached and JD Vance should replace him,' Musk replied on X, 'Yes.' At 4:14 p.m., Musk began antagonizing Trump more by retweeting posts claiming that he shared a very close relationship with Jeffrey Epstein. Musk responded with a skeptical emoji to a post that said Trump's relationship with Epstein is 'well established.' At 4:26, Musk hammered Trump over the economy in an X post, writing, 'The Trump tariffs will cause a recession in the second half of this year.' After what appears to have been a short break, Musk came back with a tweet backing up his fears that America could go 'broke.' Although Musk's social media melee seemed to be helping him expel some much-needed gripes off his chest, Bloomberg reported that the Tesla billionaire's very public feud had sent its stock plummeting by 14% on Thursday, with a graph correlating Musk's comments with stock slumps. At 9:21 p.m., Musk resumed pressuring Trump, doubling down on his claims of fiscal concern by tweeting, 'If America goes broke, nothing else matters,' resharing an interview he conducted at CPAC in which he talked about the national debt. In the interview, Musk added, 'If the country goes insolvent, if all the money is just spent on paying interest on debt, there's no money left for anything. A country is no different from a person. Country overspends, country goes bankrupt, same as a person who overspends goes bankrupt.'
Yahoo
an hour ago
- Yahoo
German chancellor hopes US will bring down tariffs, says ‘best thing for mutual wealth' is open markets
German Chancellor Friedrich Merz said President Donald Trump's tariffs are threatening his economy, adding that he believes free trade and open markets are "the best thing for mutual wealth" during a visit to the United States on Thursday. Merz, who touched on a lot of hot topics during an interview on Fox News' "Special Report," was asked for his thoughts on Elon Musk's X post, which stated that Trump's tariffs will cause a recession in the second part of the year. The former DOGE leader's post came as he was engaging in a very public feud with the president. Though the foreign leader said he didn't want to comment on the "domestic debate," he did say that the tariffs are "really threatening [his] economy," adding that Germany is "looking for ways to bring them down." Germany's Merz To 'Adapt' To Trump During High-stakes Meeting On Tariffs, Defense "Our conviction is that free trade, open markets is the best thing for mutual wealth of our countries and of our continent," Merz said, in part. "This is an issue which has to be negotiated between the American government and the European Commission. We are part of Europe, so we are in the discussion, but I have my view on that." Read On The Fox Business App Trump Weighs 'Very Harsh' Russia Sanctions Bill As German Chancellor Seeks More Pressure On Putin Trump has imposed a 25% tariff on imported vehicles and parts, which is in addition to the temporary 10% tariff – which is down from 20% – on all goods. Merz said "we should bring them down" when briefly referencing his overall opinion of the tariffs. Trump has stated that his ultimate goal is an open market, but only when America is being treated fairly by trade partners. Click Here To Read More On Fox Business As part of the European Union, Germany imposes a 10% tariff on most American car article source: German chancellor hopes US will bring down tariffs, says 'best thing for mutual wealth' is open markets Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
VW's troubled Cariad software unit has turned the corner, CEO Peter Bosch says
BERLIN — Volkswagen Group's troubled software division, Cariad, has put its problems behind it, CEO Peter Bosch told Automotive News Europe sister publication Automobilwoche. Bosch said the unit has entered a new phase of delivery and focus, marked by a string of key software launches and a break from past missteps. 'When you take on a task that everyone knows is difficult, you don't do it expecting constant applause,' Bosch said. 'But we delivered. The cars are here, costs have been significantly reduced, and we have broken new technological ground.' Cariad was launched in 2020 with ambitions to become the 'second SAP,' a multinational German software company, but it soon became a symbol of delay and dysfunction within VW Group. VW Group CEO Oliver Blume moved Bosch from his job as production chief at Bentley to Cariad, tasking him with fixing the division that was hit by overspending and delays in developing advanced software. Cariad's problems delayed the launches of Porsche's full-electric Macan and the Audi Q6 E-tron. A new software platform intended to enable Level 4 autonomous driving was pushed back to the end of the decade. Sign up for the Automotive News Europe Segment Analysis newsletter, a monthly in-depth look at a segment of the car market, including sales and market share data When Bosch arrived in summer 2023 from Bentley, Cariad's reputation was in tatters. Since then, Bosch, a former Oliver Wyman consultant, has led a broad reorganization. He realigned development processes with the group's brand structure, slashed costs and pushed for tighter control of code. His actions include ending over-reliance on external system suppliers. Bosch said the traditional outsourcing model does not work for modern automotive software. 'In software, with its fast development cycles, we have to work directly on the code,' he said. 'Our employees know, write, understand, and change the code — even via over-the-air updates.' VW's long-term goal is a fully software-defined vehicle architecture with centralized computing and proprietary code. 'We now do a lot ourselves, faster and more cost-effectively,' Bosch said. 'We must master the code.' Cariad contributed software to 14 models released in 2024. Bosch said that in April, nine of the 10 top-selling electric vehicles in Germany were VW Group models equipped with Cariad software. The company has overhauled its workforce structure, introduced agile delivery units and reduced management layers. Artificial intelligence tools were deployed throughout development, and insourcing has replaced expensive outsourcing in many areas. But Bosch is careful not to frame the turnaround as complete. 'Our current architectures are competitive, but they are still based on a supplier model,' he said. For the development of highly automated driving systems, Cariad is working with supplier Robert Bosch as a development partner. It is also working with VW Group's joint venture partner, EV startup Rivian, and VW's Carizon joint venture in China with Horizon Robotics. Also in China, Cariad is developing the Volkswagen China Technology Co. with domestic automaker Xpeng. 'Here, we have acquired a software license from Xpeng for the Chinese architecture, or CEA for short, but are now responsible for the code ourselves — with more than 10 million lines so far,' Bosch said. More than 500 Cariad employees in China are writing code tailored to local driving conditions and regulatory expectations. 'They know the culture and requirements inside out,' Bosch said. In North America and Europe, while some Cariad engineers have transferred to the joint venture with Rivian, Bosch said it's mainly staffed by Rivian personnel. 'The joint venture was founded by Rivian and the Volkswagen Group, not by Rivian and Cariad,' he said. Cariad now focuses on crossfunctional technologies such as cloud infrastructure, advanced driver-assist systems and infotainment, which Bosch said makes more sense for innovation and cost control. 'We are now significantly cheaper per vehicle in the cloud than the competition,' he said. The localization push extends beyond software: In China, development, design and production must all be local to meet consumer expectations and regulatory demands. 'The one-size-fits-all approach no longer works,' Bosch said. In Shanghai, for example, Cariad's advanced driver-assist system stack was tuned to maintain proximity to other vehicles in ways tailored to dense urban traffic. Despite those adaptations, Cariad remains focused on software sovereignty. 'It is important to us that we write the code ourselves and retain technological control,' Bosch said. As VW Group pursues modern, centralized architectures, Bosch said he envisions shorter development cycles and greater flexibility. 'This allows many systems to be networked more efficiently,' he said. 'We can bring functions into the car even faster, including some we don't even know about when we start development.' Cariad's evolution is occurring as legacy automakers, VW Group included, struggle with declining profits and sales, the threat of tariffs from the U.S., and Chinese automakers that continue to eat into market share in Europe and in China. In March, VW announced 1,600 Cariad workers would be laid off this year. Bosch said transformation requires restructuring and while roles such as creating specifications may be eliminated, more coders will be needed to replace them. Bosch said Cariad's central task is to ensure the software success of the entire company by creating economically viable solutions that benefit the group. Cariad's benchmark is the big picture — contributing to the software expertise and innovative strength of VW Group. 'We have financial goals — and we achieved them last year,' he said. 'The more vehicles on the road with Cariad software, the more revenue we generate.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data