As the Supra, Celica, and MR-S (MR2) progressively disappeared over the last decade, so too did the excitement from Toyota's lineup. But sports cars are back in the Japanese giant's product plan, led by the Lexus LFA and the new Scion FR-S, which is just about to hit showroom floors. And now it appears the green lamp is finally about to be lit on a long-awaited Supra successor.

Toyota MR S
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The GRMN MRS prototype
Several years ago, Toyota's U.S.-based product planners pitched a new hybrid sports car with looks, power, and environmental credentials. Unveiled at the 2007 Detroit auto show as the FT-HS, the concept reportedly pointed the way toward a reinterpretation of the Supra.

The financial crisis of 2008 prevented the FT-HS from becoming anything more than an attractive concept. But the spirit of that coupe survived and is reportedly being channeled into the design of the on-again, off-again, on-again Supra project. The edges and sharp angles you see in the attached illustration at top are how one artist interprets the direction Toyota is believed to be heading with its new sports car.

Toyota Supra Rendering Front View
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The car's final body is expected to be dropped onto the chassis of the GRMN MRS prototype, which has already undergone testing at Fuji Speedway. GRMN stands for Gazoo Racing Meister of Nurburgring, and was named after Nurburgring expert Hiromu Naruse, Toyota's late godfather of sports car development.

Unlike the rear-drive FT-HS, the new sports coupe (it's unlikely to be called Supra) would employ an all-wheel-drive system and generate upwards of 400 horsepower. The car is rumored to feature a mid-engine-mounted, 3.5-liter V-6 hybrid setup mated to a CVT lifted from the new Lexus RX, but tuned for higher performance. The engine would drive the rear wheels, while in-wheel electric motors would power the fronts. GRMN's expertise would be utilized to help develop the car.

The million-dollar question is when we'll see it in production. It's no secret that company CEO Akio Toyoda -- weekend racer, sports car addict, and the driving force behind bringing the extravagantly priced LFA to market -- is enthusiastic about a Supra successor. Toyota bosses haven't officially approved the project, but if Toyoda has his way and the economy shows continued signs of recovery, the new coupe could be on showroom floors by late 2015 for less than $60,000.