A toy vehicle has a chassis with road wheels movement including one or two each mounted to pivot about a general vertical axis to steer. A steering mechanism includes a turning member mounted so as to pivot about the generally vertical axis and supporting one road wheel for rotation about a horizontal axis for movement of the vehicle and about the generally vertical axis to steer the vehicle. A control member slides across the chassis. A magnetic body pivots on a pivot axis extending front and rear. The magnetic body has a central axis perpendicular to the pivot axis with opposite magnetic poles of the body locate along the central axis on opposite sides of the pivot axis. A crank is connected at one end with the magnetic body and at an opposite end with the elongated opening of the control member. A coil surrounds the magnetic body and rotates the magnetic body by the passage of an electric current in a selected direction through the coil thereby pivoting each road wheel connected with the control member.