Hot of the press from Inside Line, seems that a new RWD coupe is being jointly developed by Subaru and Toyota. While the name of this neew 2+2 has been announced, it has been decided to market the car as a Subaru worldwide while being branded as a Toyota in Japan itself. Could this be the actual successor to the famous AE-86?

There is a conflicting report that states the coupe will be based on the Subaru Impreza despite Subaru/Toyota’s press release claiming it to be an all new platform. Whatever the case, it will be powered by a 2.0l naturally aspirated boxer engine producing 220 hp at 6,500 rpm.

Subaru and Toyota will be benchmarking this new coupe against one of the the best FWD Japanese coupe out there, the Honda Integra Type-R. Expect it to be launched in 2011 with a price tag of around USD$20,000.