It had a gasoline powered, liquid cooled, 85 hp, Ford V8 engine capable of propelling the Loyd Carrier at speeds of up to 51.4 km/h (31.9 mph). The only necessary crew of the Loyd Carrier was one which was the driver. Armor protection on the Loyd Carrier varied between 6 to 7 mm. The Loyd Carrier also had a Horstmann suspension system and the max fuel capacity was 83.2 liters.
Introduced in 1940 by Vivian Loyd & Co, the carrier used the same engine, gearbox and transmission as the Fordson 7V 15cwt 4 x 2, as well as the chassis, which was simply turned back to front, so placing the engine and radiator at the rear of the vehicle. The front axle (which was the Fordson´s rear) was simply inverted to reverse the direction of the drive. Both the front drive sprockets and rear idlers, which also featured sprockets, were equipped with brake drums, which were activated via levers to steer the vehicle. The Loyd Carrier used the same tracks, drive sprockets and some suspension components as the Universal Carrier. After testing the basic vehicle in late 1939, the British Army placed an initial order for 200 personnel carrier versions.
The Carrier was co-produced by other firms, including Aveling & Barford, Dennis, Ford Motor Company, Sentinel Waggon Works and Wolseley Motors. Apart from the British Ford V8 of 85 hp, use was made of North American Ford or Canadian engines (85, 90 & 95 hp). Other versions besides personnel and gun towing included cable layer and starting and charging. Close to 15.000 were produced during WW II. The Carrier was the first tracked vehicle to arrive in Denmark after WW II (in March 1946).