The B24 was Chevron's first Formula 5000 racing car and thus the British racing car manufacturer's entry into the construction of large single-seaters. So far, Chevron had limited itself to vehicles in the smaller formula classes. In Chevron's nomenclature, the B24 succeeded the Chevron B23, a 2-liter displacement sports car developed in the early 1970s. Chevron built eight examples, all of which were fitted with a Chevrolet V8 engine. The B24 was a successful racing car that won numerous races. The car type is also notable in that it marks the only success of a Formula 5000 car over Formula 1 cars. In 1973, Peter Gethin won the Race of Champions in Brands Hatch with a works B24 for Formula 5000 and Formula 1 racing cars.[3][4][5][6][7] Gethin also won the 1974 Tasman Championship in a B24.[8]