Brothers Larry and Andy "The Matrix" Wachowski will write/direct "Speed Racer" for Warner Bros., based on the 1960's cartoon series created by anime pioneer Tatsudo Yoshida.
Joel "Lethal Weapon" Silver will produce alongside executive producer Grant Hill and visual effects supervisor John Gaeta, who won an Oscar for his work on "The Matrix".
Premise of the story follows the adventures of race car driver 'Speed', his girlfriend 'Trixie' and the gadget-laden vehicle 'Mach 5'.
The family feature will be shot summer 2007 for a 2008 release.
