I believe it is an old Pirate (no relation to the Pirate 10 series of vehicles), that was imported in the US in the '80s by OFNA. It's a 1/8 buggy.
i8tweety, you are right!
Looks like theres some writing near the bottom of the rear diff?
How did you see that?
Well I decided that I will clean it up and the first thing I removed was the bumper, then there it was. It says PIRATE on both diffs.
Found another one for sale in ebay.
http://cgi.ebay.com/ws/eBayISAPI.dll...6362&rd=1&rd=1
Thanks again for all the input.