Autoblog and Yahoo may earn commission from links in this article.Toyota is readying a sensational new flagship to challenge top European supercars with a front-mounted twin-turbo V8. While official details remain unconfirmed, automotive enthusiasts are thrilled to see Toyota pushing halo performance boundaries once again.Alongside the GT3-bound coupe, a scoop from CarSensorbased on a leaked Magazine X image reveals a stunning open-air derivative. Leaks suggest this removable-roof version keeps the iconic long-nose proportions for an exhilarating drop-top drive, and though unverified, we are beyond ecstatic.ToyotaA Potential Callback to the Supra Mk IV AerotopUnder the sleek bodywork, the vehicle supposedly utilizes an all-aluminum frame keeping overall curb weight safely below 3,858 pounds. The advanced powertrain pairs a twin-turbo 4.0-liter V8 engine with a rear transaxle hybrid setup featuring an eight-speed automatic transmission. System output is projected to exceed 641 horsepower and 627 lb-ft of torque, sending that massive power exclusively to the rear wheels. This phenomenal thrust is expected to propel the 189.8-inch-long, 78.7-inch-wide, and 47.0-inch-tall chassis well beyond the 200 mph mark.AdvertisementAdvertisementThe proposed Aero Top edition introduces an intriguing engineering choice between a manually removable roof panel and an electric mechanism. Choosing a manual setup saves crucial weight, evoking nostalgia for iconic classic targa layouts. A pristine Supra Mark IV recently fetched record auction numbers, proving exactly how deeply enthusiasts adore this open-roof heritage.Rumors also point to a hardcore tuned variant featuring aggressive aerodynamics alongside the standard coupe and targa. Total global production across all models will supposedly be limited to approximately 500 units, mirroring the legendary LFA. While we must reiterate that every detail here remains unreleased speculation, these leaks paint an incredibly bright picture for sports car fans.Mecum AuctionsAs if the Toyota GR GT Isn't Hard Enough to GetGetting your hands on one of these vehicles will likely prove incredibly difficult if these predictions hold true. Pricing is expected to start around the $200,000 mark, but because intense dealer demand will vastly outstrip the constrained production numbers, Toyota may bypass traditional dealership networks entirely. Rumors suggest buyers will need to apply directly through Gazoo Racing corporate representatives to even be considered for a rare build slot.Prospective buyers could face a stringent personal interview process before being granted allocation rights. Until the automaker officially breaks its silence, we can only dream about these renders and rumors. Even as purely speculative gossip right now, a twin-turbo V8 targa supercar from Gazoo Racing is easily the most thrilling automotive news of the year.Toyota Gazoo Racing on YouTubeThis story was originally published by Autoblog on Aug 4, 2026, where it first appeared in the News section. Add Autoblog as a Preferred Source by clicking here.