The Leyland P76 is a large car that was produced by Leyland Australia, the Australian subsidiary of British Leyland. Featuring what was described at the time as the "standard Australian wheelbase of 111 inches", it was intended to provide the company with a genuine rival to large local models like the Ford Falcon, the Holden Kingswood, and the Chrysler Valiant. But, due to the first real fuel crisis and demand far exceeding the supply, Leyland rushed the assembly process with the first of the P76s to come off the assembly line, resulting in poor build quality and some reliability problems. The combination of the rushed assembly, fuel crisis and strikes at the component manufacturers' factories, resulted in the Leyland P76 being labelled a lemon, despite being named Wheels Car of the Year in 1973. By 1974, sales of the P76 had slumped and BMC decided to end the production of the P76. Although the P76 has been labelled a lemon in Australian motoring history, it is viewed by some as an iconic Australian car and has a loyal following.
In 1969, Leyland Australia was given the go-ahead to build a large car for Australia. At the time of the car's launch, it was reported that Leyland Australia had an accumulated deficit equivalent to £8.6 million, and had borrowed the same amount again in order to fund the development of the P76. The P76 was designed and built from scratch with a fund of only A$20m. This was also a decade of serious financial and operational challenges for parent company British Leyland