Yes, you read the header correctly. We can hardly believe it either, but Toyota is rolling out yet another concept version of the rear-wheel drive FT-86 coupe, this time at next week’s 2011 Frankfurt Motor Show.
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The third Toyota sports car concept will be based on the FT-86 II coupe, which appeared at the 2011 Australian International Motor Show in Melbourne in July.

Toyota says the new model will be “faster, lighter and sportier” than the two concepts to come before it, with some suggestion this third concept will be a more track-focused version of the car.

Somewhat surprisingly, the new concept will still be called the Toyota FT-86 II Concept, despite the enhancements over the previous model.

The as-yet-unseen production version of the Toyota FT-86 has been confirmed for launch in Australia, with an introduction scheduled for the third quarter of 2012.

Debate still rages over what the rear-wheel drive sports coupe will be called in Australia, with rumours suggesting it may simply be called the Toyota 86. (Toyota Motor Corporation officially registered this name as a trademark in Australia in June 2010.)

For the first time, the Toyota FT-86 II Concept will be joined by its sister car – the Subaru BRZ Concept – in the same room, with the rear-wheel drive Subaru set to make its global debut in Frankfurt next week.

We have been following the Toyota FT-86 journey since the first concept was revealed in 2009. Relive all the memories here.