What a find.
This is in no way meant to be critical.... but looks like the wheel and tire are just a bit too far forward in the wheel wheel. Same thing happened to my Z in 1977. The alignment pin locating dowel had broken for some reason and the axle started to creep forward on one side. Easy fix.
Helped a guy about 15 years ago try to find documentation for his 68 L89 purchased new by his dad. Engine was MIA.
Never could document it, but pretty certain it was originally an L89.
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