Toyota’s President Akio Toyoda has said the automaker is in desperate need of an excitement injection, and here’s the first dose: the Toyota FT-86 Concept.

Inspired by the Corolla-based AE86 sports coupe of the ’80s, the FT-86 concept was designed by the automaker’s ED2 styling studio in France and bears a remarkable resemblance to the FT-HS concept shown at the Detroit Auto Show several years back.

The engine is powered by Subaru’s 2.0-litre boxer, which puts out 146bhp in current production form but should develop slightly more in future iterations. The FT-86 has a 2+2 seating configuration and measures 416cm in length, just a fraction longer than the Audi TT and around 18cm shorter than the Lotus Evora.

The concept that measures 4,160mm long, 1,760mm wide, and 1,260mm high with a wheelbase of 2,570mm also features ADVICS brakes. Inside, the 2+2 concept features an instrument panel with a gray and white base, gauges with red neon lights and digital displays as well as a navigation system.

Upon introduction, the Camry-Grade 6-Spd MT is equipped with a standard 2.5-liter, I4, 169-horsepower engine that achieves 22-mpg in the city and 33-mpg on the highway. A 6-speed manual transmission with overdrive is standard. The XLE V6 6-Spd AT is equipped with a standard 3.5-liter, V6, 268-horsepower engine that achieves 19-mpg in the city and 28-mpg on the highway. A 6-speed automatic transmission with overdrive is standard.

The 2010 Camry is freshened for 2010.