Karl Schlicht, head of Toyota Europe, has told Autocar: "The  will carry on. The car serves a big purpose. We are not getting out of that business. Sporty cars go through their phases. It’s our intention to continue with that car.”
According to Schlict, the 86 "is at the stage where it’s being decided on the next one, then a chief engineer will be assigned and away we go".
While Toyota's European chief couldn't confirm if the next-generation car will be jointly developed with Subaru, he did note that if the current car's low of centre of gravity and low engine position were be to retained, the smaller automaker would need to be on board.
The British magazine believes that the next-generation sports coupe will likely arrive on the market by 2019.
While the 86, or GT86 as its known in Europe, hasn't lived up to sales expectations in many parts of the world, the car has sold strongly in Australia.
Above: 2013 Toyota FT-Open Concept.
Schlicht ruled out a convertible version of the current-generation 86, as the company has other "other priorities" at the moment and not enough "spare capacity" for the vehicle.
As for the company's collaboration with BMW, which will yield the long awaited successors to the Toyota Supra and the BMW Z4, Schlicht confirmed that the project is being run out Europe, the vehicles are "on track", and both cars will be substantially different from each other.