to a single car, with backing from Olympus Cameras. The car itself was barely upgraded, and Divina Galica failed to qualify for the first two races. Eddie Cheever then managed to get into the South African Grand Prix, retiring with a fractured oil line. Derek Daly was the next to try the car, and at the wet International Trophy at Silverstone, in his debut, diced for the lead with James Hunt's McLaren before a stone cracked his visor and ended his race. However, in world championship events he failed to qualify for the next three races, after which the team folded. Sports cars The Ibec-Hesketh 308LM, also later referred to as the "Ibec P6" and the "Ibec 308LM Cobra", is a one-off sports prototype racing car that was built in 1978, and was designed by Postlethwaite around many components of the Hesketh 308 Formula One car. The car was funded by Lloyd's of London insurance broker Ian Bracey, who formed the Ian Bracey Engineering Company to oversee the project. Unlike many privateer sports car entrants in the late 1970s, Bracey harboured serious hopes of winning the 24 Hours of Le Mans endurance race. Rather than buy an only partially competitive off-the-peg chassis on which to build, Bracey commissioned former Hesketh chief designer Postlethwaite to design a brand new chassis around a detuned 3.0-litre Cosworth DFV engine. Postlethwaite used his Hesketh connections to buy both front and rear suspension components from the F1 team, and the building of the car was commenced in the Hesketh workshops. However, as the Hesketh racing team's fortunes dipped, the Ibec chassis dropped down the priority list and eventually Bracey moved production to Lyncar in Slough. Here, facing a tight deadline, the Lyncar team managed to complete the car in just over five weeks. The Ibec design had a main chassis formed by a riveted and bonded aluminium monocoque, behind which the DFV engine and Hewland FG400 gearbox were bolted as stressed chassis members. Suspension was by double wishbones at the front, with twin trailing arms, parallel lower links and single top links at the rear. The car was clothed in fibreglass bodywork which had been properly wind tunnel tested, and which proved highly effective at generating both downforce in corners and stability at high speed. The total cost of designing and building the 308LM was less than £100,000, approximately £0.5 million at 2005 prices, more