Based on Toyobaru Forum Thread, one of the member found Toyota Motor Corporation recently filed a trademark for “FR-S” name in both the U.S. and Canada. It is speculated that this new name is belonging to the long awaiting FT-86.
FR-S, it should be stands for FR (Front Engine, Rear Wheel Drive), S (Sport).
If everything goes smooth, I guess it won’t be long and we shall be able to see the good news from Toyota in early 2011.
Photo Gallery: Toyota FT-86 at 2010 Geneva Motor Show[nggallery id=11]