Eric Broadley, who founded Lola Cars in 1958, was looking for a new project after the exciting task of developing for Ford the racing car that would make history as the GT 40. The new CanAm series of Group 7 racing cars, which became public in 1966, generated a great deal of interest in him developing a competitive car. Broadley's ability to "swim against the current" gave birth to the highly successful T70 which he developed with John Surtees at his side and which gave Team Surtees the overall win of the series. Joakim Bonnier bought one of the ex-Surtees cars, painted it his signature yellow and found success in the World Sportscar Championship. The ultra-light construction combined with raw American V8 power resulted in the fastest and most successful racing car of its time - still winning historic races today.