1968 Lola T140 Formula 5000

Ex-Pierre Phillips

Offers Welcome


Pierrre Phillips of Portland, Oregon, purchased the Lola from Lola importer, Carl Hass. Phillips campaigned the Lola in 1968 in the SCCA Formula A/F5000 Series. He qualified for the National Championship Runoffs and finished 4th.

Phillips then shipped the Lola to New Zealand and competed in the 1968 New Zealand F5000 Championship Series. See the Terry Marshall 1968 photo below, taken at the Monaco International Trophy Race held at Bay Park Raceway in New Zealand in December, 1968. The photo shows Phillips and the T140 leading eventual race winner Ron Grabel’s Spectre, Stew McMillan’s Eisert, and Rex Ramsey’s LeGrand Mk.7.  

Back in the U.S. for 1969, Phillips raced the Lola at the Riverside Grand Prix in April. Later that year he sold the car to Denny Erickson.

Erickson went on to race the Lola in the Continental Championship Series in 1970. The following year Erickson sold the Lola to Tom Kagi of Spokane, Washington.

Thereafter there is a gap in ownership history up to 1988 when Dr. Grant Hill Alberta, Canada acquired the car.  In 1990 Lou Pavesi, California acquired the Lola, and campaigned it until selling it in 2004 to its current owner.

In 2008 the Lola was campaigned in the F5000 40th anniversary races across the U.S. The Lola received the “Best Presentation and Performance” award at the Wine Country Classic in 2008.

The Lola has been campaigned every year since 2008 including F5000 races at Circuit of the Americas, Indianapolis, Road America, Portland International Raceway, Coronado, California Speedway, Sears Point, and Laguna Seca. In 2014, the Lola finished 2nd in the Formula 5000 Revival Series, Class A for pre-1972 cars.

In 2015 the Lola was re-restored to its original livery that matches the car when Pierre Phillips initially raced the car. It was in this livery when it was raced at the 2015 Monterey Reunion, and remains so today.

To see recent photos of the Lola in action, please go to ConceptCarz.com.


Frame up restoration of original frame, body, suspension, steering, steering wheel, wheels, brakes, instruments (including Smiths Chronometric Tach), seat, radiator, and more.  Spare suspension parts, radiator, fiberglass nose, nose mould and more.

The Lola comes with its original Lola magnesium wheels, and new Jongbloed wheels

The fuel system has been upgraded from fuel bladders to enclosed fuel cell.

Original numbers matching LG 600 gearbox with several extra gear sets.

Original McKay intake manifold with four Weber 48 IDA carburetors.

Ignition is original Vertex Magneto.

Correct 302 Cu In Chevrolet V8 originally built by Ryan Falconer for the Single Seat Can Am series using Chevrolet Factory Racing parts. Forged crankshaft, Carrillo H beam connecting rods, roller camshaft and roller rocker arms, Cosworth pistons, and proper 302 CI cast iron cylinder heads.  Engine was last refreshed prior to the 2018 F5000 event at the Rolex Monterey Reunion.

The original Koni shock absorbers  have been rebuilt.  

A spare nose comes with the car that can be used with 2 sets of front wings as were used on the Lola T142.  Rear wings are available but not mounted to the car.  Fiberglass nose moulds for the T140 and T142, and seat mould are also included. 

 Also a cart for the car to sit on while working on it in the shop is included.  An extensive list of spares and supplies for the car will be supplied upon request.

This car is restored to “as raced condition when new in 1968.” It has its original chassis number stampings on the frame and sheet metal bulkheads.  

The Lola comes with its SVRA Gold Medallion Log Book and a SCCA Vintage Log Book.  It is race ready. 

In 2008 at the 40 year F5000 Reunion, held at the Wine Country Vintage Car Race at Sonoma Raceway, the Lola won the award for “Best Presentation and Performance” for the F5000 class. It has also won trophies in several of the events entered since then and has been competitive in its class competing successfully against cars with and without wings. 

All vehicle descriptions are accurate to the best of our knowledge at the time of writing. Corrections, and supplemental information, are always welcome. Buyers are responsible for confirming vehicle histories, condition, and authenticity to their own satisfaction prior to purchase. Motorsports Market is not the owner of the vehicle and assumes no liability for errors and omissions.

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