Toyota Motor Corporation (NYSE:TM) has decided to begin the sale of its new sports car in Japan from April.

Toyota Motor Corporation (NYSE:TM) To Sell New Sports Car

Japanese auto maker giant Toyota Motor Corporation (NYSE:TM) will launch the new ‘86’ compact rear-wheel-drive sports coupe in Japan from April 6.

The car was exhibited at the 42nd Tokyo Motor Show 2011 as a production prototype.

According to Toyota Motor Corporation (NYSE:TM), “The company will open ‘Area 86’ specialty shops, where car enthusiasts can get together to talk about automobiles and where shop specialists can support car-owner activities aimed at helping give sports-car culture local roots.”

Toyota Motor Company (NYSE:TM) shares were at 75.20 at the end of the last day’s trading. There’s been a 12.6% movement in the stock price over the past 3 months.

Toyota Motor Company (NYSE:TM) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 3
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 3
Zack’s Rank: 8 out of 12 in the industry