Our friends at NihonCar have found one of the coolest unveils to come out of the 2009 Tokyo Auto Salon. It's a Toyota Corolla transformed into a fire-breathing Super GT300 race car.

The car is set to run in the no-holds-barred race series which has evolved from the All-Japan Grand Touring Car Championship, but it's nowhere near stock. The body is chopped down to a sliver and set on top of a full tube frame chassis, race suspension, all motivated by a 295 HP 3.5-liter V6 and a sequential race transmission. The whole package weighs in at a scant 2,425 lbs. More importantly though, The Corolla Axio GT300 might be the first Corolla we'd consider an exciting drive since the 2001 Corolla S.

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[via Nihon Car]