Major Toyota Supra Announcement Happening This Week

It's been over a year since the Toyota GR Supra made its big debut and has since arrived in dealerships across the country. Buyers should also be quite pleased the Supra continues to hold its value extremely well. And, as expected, Toyota has more plans for its reborn sports car. Conveniently enough, something big is happening this week. The automaker has officially announced that "the next chapter is coming for the 2021 Supra." While no specifics were provided, Toyota released a single teaser image showing the coupe's front wheel.

A major live reveal for the 2021 model is being held at the Daytona International Speedway in Florida this Thursday. CarBuzz will be there to bring all the latest news. So, what does Toyota have planned?

It's still too early for a mid-life refresh so don't expect any major exterior or interior styling changes. Perhaps the update involves the debut of a convertible or targa top variant?

Currently, the Supra is currently powered by just one engine option, a turbocharged 3.0-liter inline-six producing 335 horsepower and 365 lb-ft of torque. Power goes to the rear wheels only through an eight-speed automatic gearbox with shift paddles on the steering wheel.

It's possible Toyota has an engine-related update. Could it be more power for the existing engine? Or, perhaps, a detuned variant for a less expensive price? There's also the possibility the Supra could be getting the 2.0-liter turbo inline-four from its platform-mate, the BMW Z4.

This engine is already on sale in the US, meaning it's passed all emissions tests. Offering a less powerful inline-six or the turbo four allows Toyota to expand the Supra's availability. Right now, it begins at about $50,000. How much money could a less powerful engine cost?

Again, this is all pure speculation on our part but all questions will be answered this Thursday. Stay tuned.