Okay I copied this from Autoline.
Toyota has sports cars on the brain. At the Management Briefing Seminars, an annual automotive conference, Akio Toyoda, confirmed that Toyota is developing an affordable sports car, aimed at attracting Gen-Y buyers. It sort of sounds like Toyota’s answer to the Mazda Miata. Interestingly, this is a joint project that Toyota is doing with Subaru. At the other end of the spectrum, Toyota is developing the Lexus LFA, that sounds like Toyota’s answer to the Nissan GTR. Clearly Toyota is out to change its image of an automaker that builds high-quality cars that are boring to drive.