It was powered by an Oldsmobile V8 engine and was driven to victory by Matich in the 1967 Australian Tourist Trophy, Australia's premier sports car race of that year.

Designed on a modular basis with separate front suspension, cockpit and rear end, the car was powered by a 5.0 L Repco Holden V8 engine.

Matich drove an A50 to victory in the car's first race, the 1971 Australian Grand Prix at Warwick Farm after qualifying on pole position.

Just three months after his 1971 AGP success, Matich qualified the A50 on pole for the 1972 Australian Grand Prix at Sandown and led early before retiring with scavenge pump failure on lap 5.

Chassis 005 was used by Lella Lombardi in 2 races in 1974 and was later sold to John Goss who rebuilt it as an A53 and used it to win the 1976 Australian Grand Prix.

[8] However, the Ford engine provided less power and ultimately proved uncompetitive compared to the Repco and, after Goss sold the car to Mel McEwin, it was replaced by another Repco-Holden unit.