It's a beater Volvo 240 wagon that's had a V8 heart transplant and is now serving duty as a sideways monster. Needless to say, we love it.
You can catch all the GoPro footage in this video minus all the music and with pure engine (and tire) sounds here and you can see the car from the outside sliding through the cones and sounding fantastic here.
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If the owner of this drift wagon is watching, let us say, no, you don't suck, and yes, keep making more videos.