I wasn`t sure which section to put this in, so I put it here.
Amongst loads of other things the 126Fan guys are working on, this is they latest project.
It`s basically a single seater formula of they own design and using as many original parts of the 126 as possible.(suspension, drive train, etc.)
They are still in the stage of designing the bodywork which will be eventually made out of fiberglass. The weight of the finished product will be around 300kgs and hopefully they will be selling them in a kit form at some point.
Anyway here is a photo to give you a better idea of how it looks like at the moment.