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Lotus Mark III was a single-seater
sports car built by
Colin Chapman as a
750 Racer.
In 1951, Chapman began to focus on a car for
road racing, rather than
trials, to compete in the 750 Motor Club formula, which used the
Austin 7 as a basis. To conform to the rules, Chapman had to retain the Seven's chassis, engine,
gearbox, and
rearend with the assistance of
Nigel and
Michael Allen, he modified them to the limits of the rules. Chapman
boxed the frame rails and added 14-gauge tubular cross-members for torsional stiffness. A sleek aluminum two-seater body, which weighed only 65 lbs. (29.5 kg), was added to cut down
drag, and the engine was highly
tuned. The car, for all its seeming delicacy, proved startlingly faster than the competition. It led to a demand for copies (an improved Mark IIIB was built for
Adam Currie, for instance), as well as copies of the earlier
Mark I. By the end of the racing season, it was apparent the Mark III was the best 750 Formula car in the country.
At this time, Chapman was still working full-time at British Aluminum, and creating cars at nights and racing them, with the help of enthusiastic volunteers, on the weekends, but it was clear from the performance of the Mark III, and the demand, there was an opportunity here. Following this successful year, on January 1, 1952, Chapman established Lotus Engineering...
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