Toyota/Subaru FT-86 Sports Car

The joint-project sports car from Toyota and Subaru is now getting far enough along to report at least the following, even though we're certain much will change. The car is said to be very light, and to use at least two versions of Subaru's flat, 2.0-liter four, with output purported to be around 200 hp in the RWD Toyota model and 250 hp in the Subaru version. Toyota's edition bows first, reportedly late this year, and not as a Toyota, but as a Scion, with the name FR-S. The Subie, if it comes to these shores, won't arrive until mid-2012 at the soonest. Pricing for the SubaScion is expected to be in the mid-$20K range. 

Toyota and Subaru are collaborating on a shared four-cylinder sports car that will be sold in two versions, beginning near the end of 2011. Largely engineered by Subaru, the cars will get a rear-drive platform consisting of a steel structure with aluminum body panels. A small, 2.0-liter flat-four engine made by Subaru will sit low behind the front-axle line. Toyota previewed its FT86 concept at last year’s Tokyo auto show; Subaru has yet to show its cards.
Neither automaker has released official names, but it is rumored that Toyota may revive “Celica,” which has been on hiatus since 2003. “FT” means “future Toyota,” and the “86” serves as a reminder of the rear-drive AE86 Corolla of the 1980s that has achieved cult status among drifters. Designed at Toyota’s European studio in the south of France, the FT86 concept’s shape is expected to enter production unchanged.
Toyota’s boss, part-time racer Akio Toyoda, recognizes that the brand lacks emotional appeal and doesn’t offer gobs of driving pleasure, so the company hopes the new car will inject some fun into the lineup. For Subaru, the new vehicle brings a dedicated rear-drive sports car to the company’s stable of all-wheel-drive hatchbacks, wagons, and sedans. But Subaru has built its reputation and much of its sales success on extolling the virtues of all-wheel drive, so how the sports car will change Subaru’s heading remains to be seen.
We are concerned that the rumored 170 horsepower from the 2.0-liter engine might lead to bouts of narcolepsy, but then again, Mazda’s MX-5 Miata has managed to keep us awake at the wheel, and it has only 167 horses. Following the launch of the naturally aspirated version, a turbo engine with about 230 ponies should quell all complaints.
The target is just above $20,000, so Toyota and Subaru will face tough competition from V-6 versions of the Chevy Camaro and the Ford Mustang, along with the Miata and the Hyundai Genesis coupe. But if Toyota’s and Subaru’s sports cars manage to keep curb weights well below 3000 pounds and combine the dynamics of a Miata with stunning looks, they both just might have hits on their hands.