In 2002, Corgi toys released a redesigned version of it's Corgi Jr Chitty Chitty Bang Bang toy. This version was released to coincide with the 2001 theatrical musical which was playing in London's West End at the time. The toy car is double bubble carded that stands up on it's own. The upper half of the card has a large sky background with a small hint of fields visible below with Chitty flying overhead with the wings outstretched. It promotes the musical as being "The Most FANTASMAGORICAL stage musical in the history of everything!" The bottom half of the card repeats the Chitty logo in musical notes and the blurb about the musical.
The back of the card has a repeat of the bubble and the car in flight. The background graphic mirror flips the front. There's now a much larger version of the logo and blurb. The picture of Chitty shows him flying away. The yellow portion of the card features a blurb about the movie and it's evolution into a stage musical.
Now, before we get into the toy itself, there seems to be a variant released at the same time. The version I have has red fins at the front and back, whereas the other variant has yellow fins. Neither variant seems more rare than the other.
The car itself measures four inches from fin to fin. It's made of die cast metal and plastic. The main body and hood is diecast. The boat half, seats, fins and wheels are plastic. There are details in the seats. The paint apps are much cleaner and crisper than the original toy
The main differences here are that the details aren't painted, the wheels are now painted a gold colour and the seats are modified to remove the Caractus Potts, Truly Scrumptious, Jeremy and Jemima figures from the seats, as they are based on their movie counterparts, not their stage ones.
As TV and movie cars go, this one isn't too bad. It's a remold of the Corgi Junior toy from 1970 with the figures removed and the details painted. It's there as a promotional tool for a stage show, NOT the movie, which might turn off the collectors. If you're interested, it's number in the corgi catalogue is TY87801 and costs £10 on eBay.