It was essentially a heavily restyled version of the Tatra 613 model it replaced.

A later 700-2 version, consisting of the last 14 cars built,[3] had a 4.3-litre engine, reaching 234 PS (172 kW), with a curb weight increased to 1,930 kg (4,255 lb).

[4] A 400 PS (294 kW) version called T700 GT was also listed, although this may have remained a one-off.

This model also had a 4.4-litre V8 but has a shorter height and length and is 360 kg (794 lb) lighter, with a top speed of 316 km/h (196 mph).

[5][6] The model was not successful, nor produced in large numbers, and production was halted in July 1999.