Don’t you love automotive rumors especially when it is one that fulfills that long-time dream of your favorite supercar making its way to production and into your driveway? Sure, it’s great to daydream from time to time even if that supercar happens to be the return of the Toyota Supra, not in the form of the Lexus LFA though.

You may have already seen the new Toyota FT-86 concept or even the revamped version at the Geneva Motor Show this year, the FT-86 II. Did you think to yourself that Toyota could really resurrect that good old ‘excitement’ feeling that somehow vanished with the demise of the Supra, Celica and even the MR2? Somehow it seems like ‘a lot’ is riding on the introduction of the Toyota FT-86 whether it is badged as a Scion or Toyota. What does this car really mean for Toyota and their over-all perception?

When you think of Toyota what comes to mind? Maybe hybrids, boring but reliable family cars, bestselling sedan in America, off-road capable vehicles – what else? What about modern-day sports cars? Well, they have the LFA from their Lexus brand but that is completely unrealistic unless you have managed to overcome today’s economic conditions and became one of the uber-rich that doesn’t mind dropping over $375K on a Japanese supercar. I honestly believe that bringing the FT-86 into production will put Toyota in a position to be once again recognized as an exciting car company.  They may be able to learn a few things from Nissan and the re-conception of cars like the 370Z and GTR.

Let’s examine the FT-86 concept for a minute. We first saw the FT-86 concept in its original form just before the Tokyo Motor Show back in 2009. The new Toyota FT-86 II is a recently revamped version of the FT-86 Concept, inspired by driver feedback, introduced at the Geneva Motor Show this year. Essentially, the FT-86 touts its moniker and design aspects from the old AE86 body style coded Toyota Corolla Levin and Toyota Sprinter Trueno from 1983. Today we know the AE86 to be a contending drift machine and highly sought after sports coupe by automotive enthusiasts not only in Japan but all over the world.  Currently from recent reports, The FT-86 is slated to wear the ‘Scion FR-S’ name when it makes it to the official debut at the NY Auto Show next month. The FT-86 was co-developed with Toyota and Subaru mainly for the drivetrain configuration which consists of a horizontally opposed 4-cylinder engine. Rumors have stated that the engine well now get somewhere north of 260 horsepower. Another recent rumor will tell us that the FT-86 will be available in a hybrid configuration which should include some of the Prius’s inner workings only in a ‘sports car’ form. A Toyota representative even said responding to a question about developing a hybrid sports car, “Why not”, “It’s no secret we’ve been considering a hybrid sports car for a while.”

For years we have all awaited the return of the Toyota Supra, arguably one of the baddest Japanese sports car in our generation. The FT-86 could temporary fill that void reshaping Toyota’s image in the eye of many automotive enthusiasts. Surely the FT-86 is nothing like a Supra, but just think of what it could mean for igniting future sports car developments from Toyota. Between the Lexus LFA and the new FT-86, Toyota has a large gap to fill and we can’t wait to see what they fill it with.