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 |  May 21 2011, 6:05 PM

After years of teasing us with concept car after tantalizing concept car, Toyota is finally set to unveil a street version of all those FR sports cars—but with one minor change: this one doesn’t have an engine.

Yep, this is a custom downhill racer built for Red Bull’s Soapbox Derby, and unlike the cardboard-ramshackle boxes I injured myself on as a kid, it actually sports a modicum of high-tech components. Concept car builder Five:Axis built a custom, CAD-designed aluminum space frame around a full TEIN suspension and Wilwood disc brakes, then draped the goofy, cute Toyota-aping bodywork on top.

The Five:Axis Toyota FR-S soapbox racer will be piloted by none other than Dai Yoshihara, drift champion and Formula D driver in the Falken Tire Nissan 240SX. The Soapbox Derby is currently being held on the 21st in Los Angeles, and will be the latest FR-S to hit the streets until the production version is finally shown in December.

Discuss this story at FR-SForum.com