No it wasn't. No time in the movie did they ever say that. Sung Kang's character did say once in the movie "When are you going to let me get a piece of that eighty-six Corolla?" That was the only mention of the car in the entire movie. There were two of them in the background of the different parking garage scene's.
It wasn't as bad as I expected it to be. I do like Lucas Black, but not really in this movie, he was good in Friday Night Lights.
Oh and I got my first experience of posers coming out of the movie. I overheard people behind me talking on the phone saying "Oh the Mustang in the movie was sweet, it had an SR20 in it." I let it go on long enough then I looked back at the kid and said, "That wasn't an SR20 in the car, it was an RB26DET single turbo." I found it pretty funny.