Street Racer is a 2008 action film by The Asylum. Its title is similar to the film Speed Racer, but its overall plot bears a closer similarity to The Fast and the Furious, and particularly The Fast and the Furious Tokyo Drift, which had been released in 2006. The film is advertised by The Asylum as being based on true events.
Whilst Wayne attempts to restore his life and become an honest, hardworking member of society, he slowly finds himself being lured back into street racing by his former associates, for the chance to keep his title as the ultimate street racer of Los Angeles.
Source: Wikipedia