The 1955 BMW 501 saw yet another remarkable change made by the BMW Company. The engine and model designations were altered. The 501A and 501B became the 501/3 with an update to the M337 engine that was previously used in the 501A and 501B. The new 501/3 was introduced with a BMW 501 with a V8 engine, which was a monumental change for the time. These cars still had the durable perimeter frame for added strength and passenger protection. Also, the double A-arm front suspension with torsion bar springs supplied a comfortable ride to all passengers and the driver because it had a complex network to absorb any bumps in the road.
The steering continued to be a rack and pinion, but instead of a straight rack, it had a semi-circular rack. The large chassis provided added protection for passengers in case there was a collision on the side of the vehicle and the fuel tank was placed in a protected location to keep the car from catching fire in the event of an accident.
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