Lower spec for Toyota FT-86?

A good news for those who wish to own a cheap sport car. Here is a rumor showing that Toyota will introduce a cheaper and lower specification Toyota FT-86. However this will not a good news for those power freak. RT says that the development costs for Toyota's re-entry into the truly sporty segment has run over estimates and the car is going to be priced higher than $20,000 – not what Toyota wanted.

In response, the Japanese automaker has allegedly decided to bring out another, less expensive front-engined, rear-wheel-drive car using the 109-horsepower engine from the first generation Scion xB and getting in under the $20K limbo bar. If this dream does come true, you'll be able to open your eyes in 2012, a year after the FT-86 arrives.