Heyward Allen Toyota

If, like us, you've been racking your brain to figure out how Toyota is possibly going to be able to offer the FT-86 anywhere near its price target, Road & Track may have part of the answer for you. The magazine is reporting that the next-generation Lexus IS will ride on a stretched version of the low-dollar coupe's platform, allowing Toyota to spread the development costs between the two models. With the production version of the FT-86 due in dealerships in 2012, the IS is expected to bow shortly thereafter in 2013.

Of course, this also helps explain some of the IS Coupe rumors we've been hearing recently, too.

An added nugget of goodness in this news is that the next-generation IS may be a sharper car in every way thanks to its shared bloodline with the sporty FT-86. Toyota head honcho Akio Toyoda has already made it clear that he would like to see his company's products return to their sporty roots, and as a result, the new IS should be quite a bit more athletic than its predecessor. Don't expect to see the Subaru-sourced flat four in the nose of the Lexus, though. Chances are the four-door will still get its power from derivatives of the four- and six-cylinder options currently available.

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.