I think I had what your talking about.
Did it have a internal speaker that could make engine noises?
I dont think it was Tyco, or Nikko. (not normal for Tyco to use a 7.2)
Mine was black with flames 57 Chevy, had the slicks in the back, crome wheels. I still have some of the parts for it laying around. Next time I'm digging through my stuff I'll get you some pic's or brand name.