In 1998, Toyota ceased to export the cars from Japan, and they stopped production altogether in 2002 due to a decline in sales. Toyota has hinted at a possible revival of the Supra in 2006/2007 pointing at different directions. There is indication that Toyota will base the future Supra on the next generation Altezza, which will be powered by a Twin-Turbocharged V6 Engine, while others speculate that the future Supra will become the next flagship model for the company, knocking the Toyota Century off the flagship. In late 2003, testers from Toyota visited the Nurburgring racetrack in Germany to test a protoype vehicle which is still shrouded in mystery. Spy shots taken have caused rumours to erupt on the internet, speculations that the prototype is the new model of the the Supra, planned to be released in 2007. Among the outrageous guesses are that the prototype is a mule hiding either a 500-horsepower V-10 engine or a high-performance hybrid powertrain. Sources in Japan say it's likely an early test bed for the next Supra. Insiders at Toyota say the reincarnated Supra should reach the market in 2006 as a 2007 model. The rear-wheel drive coupe, being targeted at the Nissan 350Z, will be powered by a twin-cam 3.5-liter V-6 and priced from well under $30,000.

One supra sources suggest that Toyota is looking at two distinct versions for production. One will use a 3.5-liter development of the new V6 (introduced in the 2006 Lexus GS 300), making 300 horsepower. The second, higher-intensity model could use the company's 4.3-liter V8, tweaked to give about 350 hp.

Styling features a long front deck and short rear, much like the Mercedes-Benz SLK, BMW Z4 and Honda S2000 that the new Toyota will compete against. We expect it will employ a conventional folding soft top.

Pricing will likely run close to $30,000 for the V6 (to rustle 350Z feathers) and into the low-$40,000 range for the V8. The Supra spirit will rise again! 

NOTE: There was among a number of publications that claimed that there will be a return of the Supra in 2008 but Toyota disclaimed this rumor on Augusr 15 2006. The same numerous publications that originally speculated on a future Supra all stated no new vehicle was being developed. According to an AutoWeek article on current and upcoming Toyota vehicles, all rumors on the Supra's return are false. Automotive News also claim Toyota has absolutely no plans for a Supra in the future.                       

                                                                              wikipedia.com