The Yamaha OX99-11 V12 was a sports car project designed by Yamaha's subsidiary Ypsilon Technology and IAD, an English engineering consultancy, which was supposed to enter production in 1994. Yamaha began competing in Formula One as an engine supplier in 1989, and using the experience it had gained during that time it wanted to build a price-no-object car based on actual Formula One technology. Even though the Formula One project was doing poorly in competition, by 1991 the team had just produced a new engine, the OX99, and approached a German company to design an initial version of the car. Yamaha was not pleased with the result as it was too similar to sport cars of that time, so it contacted IAD to continue working on the project. By the beginning of 1992, just under 12 months after starting to work on the project, IAD came with an initial version of the car. The car's design was undertaken by Takuya Yura, and was originally conceived as a single seater. However Yamaha requested a two-seater vehicle, and a tandem seating arrangement was suggested, which was in keeping with Yamaha's motorcycle expertise. This resulted in a radical and somewhat outrageous design, like its cockpit-looking roof. Other notable specs were the same carbon fiberchassis and OX99 engine as the F1 car, essentially providing the closest experience of a pure racing car to the consumer market. The Yamaha OX99-11 features 1 canopy door that replaces the 2 conventional doors that swing outward. However, disagreements between IAD and Yamaha over the budget made Yamaha take the project to its own Ypsilon Technology, which was given six months to finish the project, otherwise it would be terminated. To make matters worse, Japan was at that time in the midst of a financial crisis, which led Yamaha to believe it wouldn't be able to find any customers for the car, which was expected to have an $800,000 price tag. Eventually the project was delayed until 1994, before finally being cancelled. A total of three prototypes were built by IAD. Of all the 3 OX99-11 supercars made, one is green, another one is red and the third a black unit.
