With reports that have surfaced indicating that it’s back in the production cycle for a 2011 debut, recent Web scuttlebutt carries the message that Toyota’s future rear-wheel drive sports car will wear the Celica name.

If true, the 2+2 coupe built in collaboration with Subaru will revive the eighth generation of Toyota’s venerable compact sports car that was axed worldwide in 2005. An expected Subaru-derived boxer engine might reside under its hood in either of the distinct Toyota and Subaru models.

A Toyota Europe vice president of sales and marketing was cited saying that the upcoming car will reconnect the Celica nameplate to its past roots of a dynamic and fun rear-wheel driving experience. Naturally, the moniker also rekindles the model’s past successes in rally motorsport. No mention has been made as to whether the car would be offered in the U.S.

Also, the report didn’t indicate what the model’s Subaru badged version could be named, but regardless, should Toyota name its future sports car the Celica?….

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