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Wachowski's Speed Racer Ready

By Garth Franklin Monday August 7th 2006 12:12AM

The Wachowski siblings proposed live-action adaptation of Japanese anime classic "Speed Racer" is now on the starting line awaiting the greenlight at Warner Bros. reports Production Weekly.

The production has set up shop on the Burbank lot, taking over the offices that were home to Bryan Singer's now defunct "Logan's Run" remake. The move comes two years after the film was first proposed by actor Vince Vaughn who confirmed last month he still remains committed to the project.

The film would see Vaughn play Racer X, the long-lost but protective brother of the title character who is a young driver that travels from race to race with his family.

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