Los Angeles, July 7 -- 'Wicked' filmmaker Jon M. Chu has come on board to helm the live-action 'Hot Wheels' film.

Based on the Mattel toy, the high-octane action film will showcase "some of the world's hottest and sleekest vehicles," according to a press release, Variety reported.

Plot details haven't been revealed. But ever since "Barbie" captured the zeitgeist and grossed a mammoth USD 1.44 billion, Mattel has been mining all kinds of children's toys for the big screen. Film versions of Barney, Polly Pocket, the card game Uno and Rock 'Em Sock 'Em Robots are currently in the works.

Excited about the project, Chu in a statement said, "Hot Wheels has always been about more than speed -- it's about imagination, connection, and the thril...