Can a single car do so much? Series winner in motor racing, transportation for the whole family, fuel economy champion, savior of an entire automobile company from bankruptcy? The BMW 700, which was presented in 1959, made us forget its indirect predecessor, the BMW 600, and became a sales success with its Italian-inspired exterior, high utility value, low fuel and maintenance costs and sporty performance, saving BMW from imminent bankruptcy. This report describes the exact circumstances, describes the different vehicle variants and gives driving impressions of the past and present. This article is illustrated by a large number of current and historical photos, several original sales brochures, the owner's manual, press releases and price lists.