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The subcompact hatchback has nearly three times as much horsepower as the street model.

Toyota's motorsports division has formally introduced its Yaris rally car, following several sightings last year during testing in Europe.

The subcompact hatchback has been outfitted with a 1.6-liter turbocharged engine, producing more than 300 horsepower -- nearly three times the output of the street Yaris' 1.5-liter mill.

The chassis appears to have been designed and built from the ground up at the company's technical center in Cologne, Germany, using software simulation to optimize the build for racing.

A test program has already put the rally Yaris through its paces on tarmac and gravel stages, though engineers will still be working on development to prepare for expected new rules in the 2017 season.

France's Eric Camilli has ben chosen to lead Toyota's junior driver development program, alongside 2014 Tour de Corse winner St├ęphane Sarrazin and Toyota FIA World Endurance Championship team member Sebastian Lindholm.

The company also recently introduced a GT86 race car that will make its debut at the ADAC Rallye Deutschland.