The long-rumored collaborative effort between Toyota
is set to formally bow in at the Toyko Motor Show later this month. Code-named FT-86 in homage to the original line of hot "AE86" rear-drive Corolla models, this striking rear-wheel-drive concept coupe
is powered by a naturally-aspirated 2.0-liter flat-four engine that will also be used in a sister vehicle that Subaru is expected to market under its own badge. Toyota is waiting until the FT-86 makes its public debut to divulge further details on the engine's output, but it has confirmed that it will be mated to a six-speed manual transmission. Other mechanical specifics include a performance-tuned suspension and big ABS disc brakes. Combined with the car's relatively light weight and low center of gravity, it's a formula that should please enthusiasts and seriously energize the automaker's production lineup when the volume-build version comes to market sometime in late 2011. Finished in Flash Red, the exterior styling on the FT-86 show car was done by Toyota Europe Design Development (ED2), and incorporates several cues originally seen on the FT-HS concept the automaker displayed at the 2007 Detroit Auto Show. Inside, the FT-86's cabin features individual racing-style "shell" seats and red neon lighting and digital displays, although it's still uncertain whether either of those elements will make it to production. Whatever its final specs, Toyota intends to keep the car affordable with a starting price likely to be around $20,000.