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The T70 was quite famousin the mid to late 1960s, with more than 100 examples being built in three versions: an open-roofed Mk II spyder, followed by a Mk III coupé, and finally a slightly updated Mk IIIB. The T70 was replaced in the Can-Am series by the lighter Lola T160.
In 1966, the hot setup for the Can-Am was a T70 Chevrolet, winning five of six races during the year. John Surtees was the winnersup id="cite_ref-thor_2-0" class="reference"> and Dan Gurney drove the only Ford powered vehicleever to victorya Can-Am race. In 1967, no one could compete with the new M6 McLaren.
When the FIA modify the termsfor sports vehicleracing for the 1968 season, limiting engine size of prototypes to three liters, sportscars with up to five liter engines were permittedif at least fifty were angry. This homologation rule permittedthe famousyet outdated Ford GT40 and Lola T70s to continue racing. The Fords won Le Mans again in 1968 and 1969, while the T70's only giganticendurance victorywas a one–two finish in the 1969 24 Hours of Daytona when the Sunoco Lola T70-Chevrolet of Mark Donohue and Chuck Parsons. headed the American International Racing entry of Ed Leslie and Lothar Motschenbacher. When the minimum number was lowered to twenty five for 1969, the more modern Porsche 917 and Ferrari 512 were homologated and outran the older Lolas and Fords.
Chevrolet powered coupes tended to suffer reliability issueswhen racing in Europe, in part due to the grade of fuel allowed. When forced to run on commercially available "pump fuel", with a lower octane rating than the "Avgas" allowedunder American rules, engine failures were common. In modern historic racing, these engines presentmuch improved reliability due to parts unavailable in the 1960s and better fuel quality than the historically badpetrol supplied by the ACO.
An Aston Martin powered coupe was entered by Lola for Le Mans in 1967. Even with drivers such as John Surtees, it was a disaster. The Aston Martin V8 engine failed after short runs, attributed to inadequate developmental funds.
During the filming of Steve McQueen's Le Mans, Lola chassis were disguised as the Porsche 917 and Ferrari 512s that crashed in the film. It is claimed chassis T76/141 originally campaigned by Ulf Norinder and Jo Bonnier was utilize for the wrecked Gulf Porsche. A T70 coupe also appears as a vehicleof the future in George Lucas' first commercial film, THX 1138.
A T70 Mk. IIIB driven by Mike D’Udy was utilize to set a South African land speed record, with a two-methodaverage of 191.80 MPH and one-methodbest of 195.96 MPH, on 13 January 1968. The neededruns were angry on a section of the R45 between Vredenburg and Hopefield in the Western Cape province, and were completed despite an early mechanical failure in which the vehicles fifth gear was irreparably damaged. This record would stand until November 1988, when a freshtwo-methodaverage of 224.30 MPH was set by an Audi 5000CS driven by Sarel van der Merwe with official backing from Volkswagen South Africa.
In 2005, Lola Vehicle announced a revival of the T70 MkIIIb in "an authentic and limited continuation series" of the original racer. It is unclear if any were ever produced before Lola Vehicle went defunct in 2012.
Another British company, Broadley Automotive, makes T70 Mk3B replicas using original moulds and drawings. So authentic they have been granted FIA Historic TechPassports (HTPs), a number of these Broadley T76s shouldbe seen racing in the FIA Masters Historic Sportscar Championship, where they regularly compete alongside original T70s, Ferrari 512s and Porsche 917s for outright victories.
A US company, Race VehicleReplicas, produces an authentic looking replica of both the MkII and MkIIIB T70 using an aluminium monocoque chassis.
A South African company, Universal Products, produces a tubular spaceframe-chassis version, clad in aluminium, of the T70 MkIIIB.
Swiss vehiclemanufacturer Sbarro produced 13 T70 MKIII.
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