Are Hot Wheels and Matchbox owned by the same company?
No way, they're totally different. Just kidding! They're both under Mattel's roof. Crazy how the toy world works, right?
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Yup, both Hot Wheels and Matchbox are owned by the same toy giant - Mattel! Mattel scooped up Matchbox in 1997, adding it to their lineup alongside Hot Wheels. So, while they started as rivals in the diecast car world, they're now siblings under the Mattel umbrella.
Absolutely, Hot Wheels and Matchbox are both Mattel's babies. They've been playing in the same sandbox since '97!
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