The Micro Racer is a car you could wind up and by releasing a lever, the car would spin off. It also has a large turn knob at the end of the car which allows for steering.
In 1951 the first Schuco Micro-Racer was introduced, and from the first model the line was an unqualified success. They were well built, beautifully designed and detailed and exceptionally fast.
When the founder of Schuco, Heinrich Müller, died in June of 1958 he was the much honored pater familias of the international toy industry, and holder of more than a thousand patents. But by March of 1977, his absence was felt, and his company was no more.
The Nutz Firm, founded by Werner Nutz (Spiel-Nutz), a former Schuco tool and die maker, re-produced in the middle of the 1980s several of these Micro-Racers with the original tooling and some parts which he obtained as part of his severance from the failed company on condition that the name Schuco was to be deleted from the box and the base plate of the model, hence the black strips you can see on Nutz' boxes.
After the death of Nutz these models were sold to the American company Lilliput. The Lilliput group purchased from Nutz' widow his remaining stock of Micro-Racers, a warehouse of replica parts, and the rights and tooling to begin once again the manufacture of the Schuco Micro-Racer line. Production was moved to Czechoslovakia and Hungary
What's it worth? Take a look at this Schuco Micro Racer price guide: sold listings for a value indication.