Toyota and BMW are set to soon officially decide whether or not to push forward with producing its jointy-developed sports cars.

It is no secret that the two automakers are collaborating on a next-generation BMW Z4 and a relaunched Toyota Supra based around a common architecture and sharing a multitude of parts. While the project has been ongoing for a number of years, it has yet to be given the thumbs up to reach production.

While recently speaking with Automotive News Europe, a Toyota spokesman confirmed that by the end of the year, the company will decide on the future of the cars.

“By the end of the year we will approve whether or not we will make it. The whole study before that, on what kind of platform, on what kind of architecture, that’s been progressing quite well. We haven’t yet decided to give the green light to the project, but it’s coming up.”

According to reports, the BMW side of the project will be available with both a 2.0-litre turbocharged four-cylinder engine and a 3.0-litre turbo six-cylinder. Additionally, these two will be joined by a plug-in hybrid variant later. As for the Toyota, it will be available with the same 3.0-litre six and plug-in hybrid but won’t be offered with a four-cylinder.

In terms of power, the BMW four-cylinder should pump out about 241 hp and 350 Nm of torque. Meanwhile, the 3.0-litre turbo-six will deliver in the region of 335 hp and 450 Nm. As for the hybrid, it is speculated to produce as much as 470 hp.

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