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Automotive journalist Peter Lyon says Toyota's FT-1 concept represents a preview of a long-awaited Supra revival.

Toyota unveiled the striking FT-1 concept in January at the North American International Auto Show and they said it will remain strictly a concept set to be showcased in virtual form in Gran Turismo 6. Now, Peter Lyon says Toyota is working on a new Supra which will essentially be a production variant of the FT-1 concept with a hybrid powertrain consisting of a V6 2.5-liter turbocharged engine working with an electric motor to offer a combined output of more than 402 bhp (300 kW).

The new Supra will feature a rear-wheel drive layout with a LFA-derived rear transaxle and Toyota allegedly plans on launching the model sometime in 2016. It should cost less than 100,000 USD and there will also be a base variant with a Lexus NX-sourced 4-cylinder, 2.0-liter turbocharged gasoline engine.

A year later Toyota will introduce a new entry-level sportscar to slot under the GT86 which will adopt a hybrid setup with a 1.5-liter engine gasoline engine and an electric motor. This model will reportedly cost only 16,000 USD and together with the resurrected Supra will pave the way for a new range of sportscars from Toyota that will probably be co-developed with BMW.

Gallery: Toyota FT-1 concept previews next Supra, sub GT86 model in the works - report

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