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Toyota also shot down the rumors of a hybrid Supra.

The next-generation Toyota Supra won't be a bargain-basement sports car, the company has confirmed. Staying true to tradition, it will become one of the most expensive members of the Japanese company's lineup when it arrives.

"It will not be a cheap car," Gerald Killmann, the vice president of Toyota's research and development department, said bluntly in an interview with Dutch website AutoRAI. "There will be a clear difference between the GT86 and the Supra. The GT86 remains the affordable sports car, the Supra becomes the performance model," he added. He didn't provide more specific pricing information.

The coupe-only model will launch with a gasoline engine borrowed from BMW, according to the executive. This shoots down the numerous rumors claiming the Supra will go hybrid. We know it won't, at least not early on in the production run. We're not ruling out the possibility of seeing a gasoline-electric model later on, however.

Killmann also confirmed what we already knew about the Supra. It rides on the same platform as the next-generation BMW Z4 and the two will share numerous mechanical components. The chassis will be tuned in-house by BMW, though that's being primarily handled by the company's main research and development center in Japan, not in Europe.

We expect to see the born-again Toyota Supra break cover by the end of the year. Sales are tentatively scheduled to begin next year. Killmann added the firm will waste no time sending its newest sports car to the track, though we won't find out which category it will race in until after the street-legal car's official debut.

Note: Toyota GR Supra Racing concept pictured. Photography by Ronan Glon.