According to a recent report, the Toyota FT-86 is on schedule for a November 2011 launch date. Recent rumors suggested that the car might be delayed until 2013.

Speaking recently, Toyota’s Dr. Shigeyuki Hori and Kazuo Okino reaffirmed the company’s intention to launch the car as planned in November 2011. While neither would go into a lot of detail, they revealed the production version is nearly 50% complete and the mid-level model is targeted to have a price of  approximately $28,610.

As for what the car will look like, Okino commented that the styling would closely resemble the concept. There will be minor modifications, but the overall shape will remain the same.

In case you don’t remember, the FT-86 concept debuted at the 2009 Tokyo Motor Show. It featured a Subaru 2.0-liter Boxer engine, a six-speed manual transmission, ADVICS brakes, and rear-wheel drive.

Toyota Motor Corp. and its Silicon Valley partner Tesla Motors Inc. will develop an electric version of Toyota’s popular RAV4 SUV.

The two companies will work on prototypes combining the RAV4 model with a Tesla electric powertrain and expect to sell it in the United States in 2012, Tesla said.

It said a first prototype already has been produced.

Motor Trend is also reporting that Toyota is hard at work on a fully electric supercar. If there’s any truth to this report, it is said that Toyota President Akio Toyoda was so impressed after a spin in Elon Musk’s Tesla Roadster that he immediately green-lit a feasibility study into the electric supercar project.

“Tesla’s goal is to produce increasingly affordable electric cars for mainstream buyers — relentlessly driving down the cost of EVs,” the company said in a statement.

Tesla now sells an electric roadster priced at just over $100,000, while Toyota is a leader in gas-electric hybrid vehicles and also plans to sell electric cars.

The two companies announced in May that they would team up to develop electric cars

Toyota will be back into the affordable sports-coupe game with an all-new model priced at around $20,000, although it will most likely carry the Scion nameplate.

This front-engine/rear-drive 2-door may reincarnate the spirit of the 1983–1987 Corolla Levin/Trueno (AE86), a car that’s still popular today. 

Don’t be surprised though to see a different production car than all the teaser prototypes that have been shown around. Do expect fairly quick acceleration times, probably around 6.0 sec. to 60 mph. The suspension mayl consist of MacPherson struts up front and a multilink setup at the rear.

Toyota will be in charge of the car’s styling and expect a car that is very appealing.

The car is scheduled to appear sometime in 2011 or 2012. If this future car truly is a reincarnation of the AE86, Toyota will have a big hit on their hands.