It kept the overall layout of its predecessor the D23—that is a multi-tubular frame chassis, double wishbones/De Dion suspension, transaxle transmission and a barchetta body—but had a large 3,284 cc V6 engine.

The V6 produced 265 hp (198 kW), giving the car a top speed of 260 km/h (162 mph).

Some of the D24's most significant overall victories are those by Juan Manuel Fangio in the 1953 Carrera Panamericana, by Alberto Ascari in the 1954 Mille Miglia, and by Piero Taruffi in the 1954 Targa Florio and Giro di Sicilia.

[2] Lancia D24 Spider won 1954 Mille Miglia driven by Alberto Ascari.

The previous year it had already taken Juan Manuel Fangio and Gino Bronzoni to victory at the Carrera Panamericana.