A magnetic levitated vehicle, including a linear rotor connected thereto, runs on a tubular track having a circular cross-section and a tubular linear induction motor stator mounted therein. The rotor is movably mounted within the stator and the vehicle is positioned above the track. The rotor is connected to the vehicle by a riser extending through longitudinal slots of the track and stator, and by an actuator mechanism, which includes a transversely curved saddle movably connected to drive members, for enabling the vehicle to be banked at curve sections of the tubular track. Further, vehicle banking is also accomplished by constructing the track and stator with the slots laterally offset at the curved sections of the track.