Lola introduced the T330 in 1973 and it was easily the fastest Formula 5000 car in competition. It led a very prestigious career, winning the championship in 1973. Following on its coat-tails was the T332 introduced the following year. The car was not needed, as the prior model had done so well, but it did bring several important improvements. These modifications resulted in the UK and US Series Championship for 1974, the Tasman and US Series in 1975, and the US Series in 1976. When the Can-Am series was introduced, it ran rather well in that series along side its purpose-built variant, the T333.
It is believed that around 36 examples were created.
The Formula 5000 series was, like so many other series, intended as a low-cost series for open-wheel racing. The '5000' comes from the maximum 5.0-liter capacity allowed in the cars. Engine sizes varied - some competitors went with 3.5, 4.5, and 4.7-liter versions. This category was contended by several well known marque's such as McLaren, Eagle, Lola, March, Lotus, and Chevron.
Many notable drivers piloted the Lola T332 such as Brian Redman, Mario Andretti, David Hobbs, Al Unser, Bob Nagel, John Benton, Evan Noyes, Jerry Karl, Danny Ongais, and several others. By Daniel Vaughan | Jan 2016