Production of GTHO Phase IV commenced in mid-June 1972, four vehicles were built when production was stopped due to a "Supercar scare".
Production of approximately 200 XA-based Falcon GT-HO Phase IV cars was originally scheduled to take place in June/July 1972, but this was terminated at 'the eleventh hour' due to what became known as "The Supercar scare".
This was due to the 'Supercar scare' of 1972, which involved vast political pressure being placed upon Holden, Ford and Chrysler to abandon their proposed specially built 'Bathurst Supercars', such as the XU-2.
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