This is the Il Tempo Minimale, made by Ermanno Martinuzzi in Norway, based on a Fiat 127 with a A112 Abarth engine. The car was Martinuzzi's personal car for many years. The bodywork was handcrafted in steel, så the car became heavier than the base car. So even with the more powerful engine, the top speed was still about 140 km/h.
Ermanno Martinuzzi also made the movie car Il Tempo Gigante in full scale, for the premiere of the Norwegian animated movie Flåklypa Grand Prix (Pinchcliffe Grand Prix). Martinuzzi also made the full scale Bil-bilen in 1979, from my sketches, for a Norwegian national car design competition.