Toyota will set the local sports-car market alight in 2012 when it launches the production version of the FT-86 II Concept.
The FT-86 II Concept, being seen in Australia for the first time, gives vital clues to the final design of Toyota's next sports car.
At the same time, Toyota has revealed key specifications for the new model, now expected to arrive in Australia early in the second half of next year.
The production version will be based on an entirely new front-engine and rear-wheel drive platform.
Compact, lightweight and with a low centre of gravity, it will deliver the best possible power-to-weight ratio.
It will offer the driver confident stability and manoeuvrability, while being quick and nimble in corners.
The production FT-86 is the first vehicle to combine Subaru's horizontally opposed boxer engine architecture with Toyota's D-4S technology (direct injection combined with port injection).
The 2.0-litre naturally-aspirated engine brings together the technical know-how and enthusiasm for sports cars of both Subaru and Toyota.
This collaboration will deliver improved power and torque without sacrificing fuel consumption and environmental performance.
The powerful yet efficient flat-four engine will be mated to either a six-speed manual or a six-speed automatic transmission.
The manual will offer quick and precise shifts with a short throw, while the automatic transmission will feature sporty shifts, including the availability of paddle shifts mounted on the steering wheel.
The FT-86 II Concept - one of the stars of the Australian International Motor Show in Melbourne - is the clearest indication yet of the final design for the driver-oriented production car.
The show car was created as part of Toyota's reborn passion for sports-car driving and the intrinsic fun of motoring.
It pays homage to Toyota's illustrious sports-car history that includes cars such as the Supra, MR2 and 2000GT.
Its name is derived from another legendary Toyota, the AE86 Corolla, which has achieved cult status among those who love the power slides of drift racing.
The concept makes it clear that Toyota's new compact sports car will have the style, performance and handling demanded by those who regard driving as fun rather than a necessity.