A new report coming from Japan indicates Toyota is cooking up an interesting open-wheel sportscar with hybrid power.

A new report coming from Japan indicates Toyota is cooking up an interesting open-wheel sportscar with hybrid power.

Set to debut at the Tokyo Motor Show late October as a concept, the vehicle will adopt a McLaren F1-like three-seater layout with a central driver's seat in a body weighing just 700 kg (1,543 lbs) thanks to an extensive use of carbon fiber. It will be a rear-wheel drive coupe about 3700mm long and 1730mm wide, with a front-engine layout and capable of providing great handling.

Power is expected to come from a hybridized four-cylinder 1.5-liter engine outputting 100 bhp (75 kW) via a continuously variable transmission (CVT). It is believed Toyota is targeting a fuel consumption of only 2 liters / 100 km (117.6 mpg US or 141.2 mpg UK).

If green-lighted for production, Toyota's open-wheel hybrid sportscar will likely be unveiled at the 2017 Frankfurt Motor Show and go on sale in early 2018 at an estimated starting price of less than $23,700.

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