This is a custom build of a school bus, that was purpose built for drifting. The very detailed build thread can be found at RC-Drift (Translation may be required). The video of the bus in action is very cool and was found at Drift Team Linz.
I really enjoy finding these custom builds on the internet. They really prove that this hobby is only limited by your imagination and budget.
Pingback: A Drifting School Bus? | The Toyz RC Blog