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 |  Sep 10 2014, 12:32 PM

The Hagerty Garage

Nestled in the untamed wilds of Northern Michigan, or more specifically the charming mini-metropolis of Traverse City, is a world-class collection of vintage cars you’ve probably never seen or even heard of before.

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Official: Toyota CEO Confirms Toyobaru Sports car

New model will be fun, stylish and fuel-efficient

 |  Aug 07 2009, 9:50 AM

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Toyota CEO Akio Toyoda has, for the first time, officially made clear that the automaker is in fact working on a joint project with Subaru to build an affordable sports car. Toyoda made the statements at the Center for Automotive Research’s Management Briefing Seminars in Traverse City, Michigan

The new car will be stylish, yet fuel-efficient and affordable – a vehicle that customers (U.S. customers in particular) can get passionate about.

“You’re going to have to have passion in your products,” said Jim Lentz, president of Toyota Motor Sales, USA, adding that obviously any Toyota would also be representative of the company’s focus on quality and value.

The project is an unconventional one for the Japanese automaker, but is part of a new direction that its new CEO, a self-proclaimed ‘car nut’, wants to take the company in. “I want to see Toyota build cars that are fun and exciting to drive,” he said, adding that the Toyobaru will be fast-tracked to market.

[Source: MSNBC]