Toyota plans to revive the MR2 sports car in Australia with a hybrid-powered, high-performance model by 2028.

Toyota is advancing plans to revive its iconic MR2 sports car in Australia, following a trademark filing for 'MR2' with the Australian government, alongside prior filings for 'GR MR2' in Japan and 'GR MR-S' in Australia. The move signals a potential return of the mid-engined, rear-wheel-drive coupe, last produced in 2007, under a modernized, high-performance guise likely tied to Toyota’s Gazoo Racing (GR) sub-brand. While details remain unconfirmed, rumors suggest a hybrid powertrain with a 2.0-litre turbo-petrol engine and electric motor, delivering 370kW and 550Nm of torque with all-wheel drive. The project is in early development, with a potential launch as early as 2028.