Heyward Allen Toyota

We can't speak to the veracity of this information, but the internet rumormill is reporting that the upcoming Toyota FT86 has a rather interesting new logo in the works. Let's break it down:

Directly in the center of the supposed logo, you'll notice a stylized 86 that conveys a sense of motion. This, as you may already be aware, hearkens back to the classic rear-drive Toyota AE86, otherwise known as the Corolla Sport here in America. If this logo is for real, that means Toyota will likely move forward with the 86 designation made famous by its '80s-era sports coupes. Next up are the twin opposed pistons on either side of the numerical center. This calls to mind the 2.0-liter boxer engine that Toyota reportedly plans to use in its low-cost coupe, provided by partner Subaru, of which Toyota owns a large chunk.

We're expecting pricing in the low-to-mid $20s if and when the 86 goes on sale later in 2011, and we'll be curious to see if we find the new logo anywhere on the production car.

When the Toyota FT-86 concept was unveiled at the Tokyo Motor Show, we were surprised and delighted at the prospect of an attractive, rear-wheel-drive 2+2 with a $20,000 price tag. Could we just as excited for a $25,000 RWD Scion? We may not have a choice.

The Wall Street Journal reports that Toyota management told dealers in Las Vegas there will be a production version of the FT-86 badged as a Scion model. The move would help bolster the brand, which has been a bit product-starved of late. There are also rumors of a new price point - as high as $25,000 - and the possibility that the Subaru version will only be available in Europe.

While the report claims the FT-86 will be badged as a Scion, there is no definitive word there won't be a Toyota variant as well. We're sure to learn more this auto show season, as reports show that the production FT-86 could arrive at the New York Auto Show in 2011.

According to 7Tune, Toyota recently held at shindig in Japan for select scribes in order to get some things straight about its Toyota G's performance vehicles. Naturally, talk quickly turned to the FT-86 (or FR-S) Although it was reported two months ago that the much-anticipated sports coupe would be delayed until 2013 for design and powerplant reasons, the Toyota engineers at the event reportedly attested that "the car is on schedule" and still has a planned release date of November 2011.

Clarity on the lineup was offered as well: Three spec levels will be available with at least two engines, and the mid-range model is expected to run around 2.5 million yen ($28,500 USD). Further, it appears that a turbocharged variant will take the top slot. According to 7Tune, none of those engines will be a hybrid - that tech is being reserved for a different sporty product.

If there's any news from the event that makes us as excited as word that we might see the car next year, it's the head of the sports division saying that "because of Toyota's connection with Subaru, there was no way that the car wasn't going to be great." We hope he knows what he's talking about.