In 1961, Cooper Car Company constructed chassis F1-16-61 for the United States Grand Prix. Built to the T53 specification, the car was driven by Walt Hansgen, who competed with Briggs Cunningham's team. However, he crashed out of the race after 14 laps, becoming the second driver to retire from the race. The wreck was sold by Cunningham to Roger Penske, who replaced the damaged chassis tubing and added full-width enveloping bodywork and named the car the Zerex Special. Penske would then use the car in Formula Libre races that year, and Timmy Mayer would do the same in 1962. Sold to Bruce McLaren in 1964, the car was rebuilt with a widened chassis. A 2.75-litre Coventry ClimaxFPF straight-four engine was used in the new car, which was officially known as the Zerex Special, and unofficially as the Jolly Green Giant. In 1964, Bruce McLaren purchased the car, and replaced the chassis with a tube frame unit of his own design, as well as fitting a 3.5-litre Traco-Oldsmobile V8 engine in place of the Cooper Climax unit; as a result, he named it the Cooper-Oldsmobile. The car was sold again at the end of the 1964 season to Dave Morgan, who would use it for a further two years. At the end of the 1966 season, Leo Barboza purchased the car, and used it in Venezuela.
In 1964, the car was bought by Bruce McLaren, who ran it with his own Bruce McLaren Motor Racing team. The Cooper-Oldsmobile's debut came in the second round of the British Sports Car Championship, held at Oulton Park; however, an oil pressure issue after nine laps forced him to retire. Things would be rather different at the next round, held at Aintree; he won by 24 seconds from Jim Clark's Lotus 30 Ford, despite being in a lower category. The fourth round, held at Silverstone, saw McLaren take another win; this time, from Roy Salvadori's Cooper Monaco Maserati. The car was finally rebuilt into the "Cooper-Oldsmobile" for McLaren's next race, which was in the Canadian Sports Car Championship at Mosport; he beat Penske's Chaparral 2AChevrolet in the first race, and Pabst's Lola Mk.6 Chevrolet in the second, taking the overall victory as a result. McLaren returned to the UK, and won the Guards Trophy Brands Hatch; this time, beating fellow countryman Denny Hulme and his Brabham BT8 Climax by 42.4 seconds. McLaren then entered the RAC Tourist Trophy, but, having set the fastest lap, the clutch failed after 18 laps, and he was forced to retire.
1965
Dave Morgan purchased the car prior to the start of the 1965 season, and his first race with the car was a second place in a non-championship SCCA round, held at a track in Stuttgart, Arkansas. Morgan then ran the car in the Governor's Trophy, held at the Oakes Field Course in Nassau; he took sixth overall, fourth in the Sports 5000+ category, and fifth in the Over 2-litres division. Although Jackie Stewart was initially selected to drive the car in the Nassau Trophy, Morgan drove once more; this time, finishing ninth overall, and third in the Sports 5000+ category.
1966
Morgan retained the car in 1966, and his first race of the season came at a SCCA regional race, held at Green Valley Raceway; he finished second to the McLaren Elva of Joe Starkey. The Governor's Trophy & Nassau Tourist Trophy would prove to be rather less successful; he lasted five laps before retiring, and was classified in 41st. He would go on to take seventh at the Nassau Classic, and eleventh at the Nassau Trophy. This was the last known race of the car, as it was used in Venezuela by Leo Barboza after 1966.