The story of this car is on the very comprehensive Lorena GT website, in Portuguese.
It's a third-generation Lorena GT that was tuned by Silvano Pozzi with dual Mazzola carburetors and raced in 1970-71 by Edson Lemos, 'Edo' (who also added double headlamps). In 1972 it was taken to Porto Alegre, where it was repainted a couple of times and eventually sold, along with another Lorena GT (the very first unit), to a buyer who lived somewhere in the interior of Rio Grande do Sul. There is no more information after that.
The photo was taken at the 1970 1000 Km of Interlagos, it's one of a sequence reportedly taken by renowned American journalist Karl Ludvigsen. Below are a couple more images from this session.