Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Mattel's coolest Hot Wheels ever: They fold

stealth_rides.top.jpgThe first-ever "flat" remote-control Hot Wheels cars will hit stores in August.By Parija Kavilanz, senior writer


NEW YORK (CNNMoney.com) -- It's the size of a credit card and about as slim as a cell phone. But the coolest feature of Mattel's new Hot Wheels ride is its 3D action: Push a button and the "flat" car pops up into a remote-control vehicle.

Called "Stealth Rides," these toy cars are Mattel's first-ever folding Hot Wheels. It's the latest innovation for a brand that's been selling in toy stores for more than 40 years.

"This is definitely one the coolest new toys in 2010," said Jim Silver, a toy industry analyst and editor in chief of TimetoPlayMag.com.

Mattel (MAT, Fortune 500) has created five different models of Stealth Riders, including two cars, two tanks and a "Batmobile Tumbler" that the toymaker will debut next month during the Toy Fair in New York.

The annual industry event showcases some of the hottest new toys that will hit stores later in the year, in time for the Christmas shopping season.

All five Stealth Rides fold flat and slide out of a plastic case that functions as both a carrying case and a remote control. With the push of a button, the "flat" cars transform into three-dimensional, fully functioning remote-control vehicles.

"Containing a fully functioning vehicle in a pocket-sized case will allow kids to play anywhere, anytime," said Geoff Walker, senior vice president with Mattel Brands. "The vehicles [provide] a unique and cool level of play experience that was not previously possible."

The Hot Wheels Stealth Rides will hit stores in August, priced at about $25 per car.

"The remote control category [of toys] used to include big toys for $70 or more," said Silver. "So this is an affordable price point for a very cool product that's never been done before."

He also praised the cars' engineering. "These [cars] are easy to carry around and the charge time is fantastic," Silver said. "It's 30 minutes of play, and that's a long time for such a small remote-control toy." To top of page

Search for Jobs

Index Last Change % Change
Dow 17,409.72 269.48 1.57%
Nasdaq 4,691.87 97.42 2.12%
S&P 500 2,036.09 35.55 1.78%
Treasuries 1.46 0.00 0.07%
Data as of 5:44am ET
Company Price Change % Change
Bank of America Corp... 12.70 0.52 4.27%
Freeport-McMoRan Inc... 10.69 0.56 5.53%
Ford Motor Co 12.39 0.23 1.89%
Apple Inc 93.59 1.54 1.67%
Citigroup Inc 40.44 1.96 5.11%
Data as of Jun 28
Sponsors

Sections

Sumner Redstone's National Amusements issued a warning Tuesday to Viacom executives who are fighting to keep their board seats, telling them that their legal challenges are futile. More

Investors are already sifting through the Brexit market rubble for opportunities. Morgan Stanley compiled a list of highly-rated stocks that have limited or no direct exposure to the situation in the U.K. More

Facebook has redesigned the share tools on other websites, part of a larger set of changes designed to spur more sharing on Facebook. More

Chipotle is set to launch a customer loyalty program that starts July 1 and runs through September. More