68050 and 68070
There was no 68050, though at one point it was a project within Motorola. Odd-numbered releases had always been reactions to issues raised within the previous even numbered part; hence, it was generally expected that the 68050 would have reduced the 68040's power consumption (and thus heat dissipation), improved exception handling in the FPU, used a smaller feature size and optimized the microcode in line with program use of instructions. Many of these optimizations were included with the 68060 and were part of its design goals. For any number of reasons, likely that the 68060 was in development, that the Intel 80486 wasn't progressing as quickly as Motorola assumed it would, and that 68060 was a demanding project, the 68050 was cancelled early in development.
There is also no revision of the 68060, as Motorola was in the process of shifting away from the 68000 and 88k processor lines into its new PowerPC business, so the 68070 was never developed. Had it been, it would have been a revised 68060, likely with a superior FPU (pipelining was widely speculated upon on Usenet).
Motorola mainly used even numbers for major revisions to the CPU core such as 68000, 68020, 68040 and 68060. The 68010 was a revised version of the 68000 with minor modifications to the core, and likewise the 68030 was a revised 68020 with some more powerful features, none of them significant enough to classify as a major upgrade to the core.
There was a CPU with the 68070 designation, which was a licensed and somewhat slower version of the 16/32-bit 68000 with a basic DMA controller, I²C host and an on-chip serial port. This 68070 was used as the main CPU in the Philips CD-i. This CPU was, however, produced by Philips and not officially part of Motorola's 680x0 lineup.
Read more about this topic: Motorola 68000 Family