Famous, fantastic Beetle car, Disney's first (10)
I believe the answer is:
celebrated
'famous' is the definition.
('celebrated' can be a synonym of 'famous')
'fantastic beetle car disney's first' is the wordplay.
'fantastic' indicates anagramming the letters.
'first' says to take the initial letters.
The initial letter of 'disney' is 'd'.
'beetle'+'car'='beetlecar'
'beetlecar' with letters rearranged gives 'celebrate'.
'celebrate'+'d'='CELEBRATED'
(Other definitions for celebrated that I've seen before include "Observed (festival); famous" , "Did something enjoyable (to mark an event)" , "Publicly honoured" , "Notable" , "Rejoiced - famous" .)