Reportedly, there’s been a little bit of a mix up at Toyota. Sources say that the auto makers’ lawyers unwittingly let Toyota’s ownership of the Supra name expire. Word is that Toyota has once again applied for the trademark following a four year lapse.

This could be just an accidental lapse, and could amount to nothing, since it is well known that companies are quite on top of things when it comes to protecting a label. But there is speculation that it is possible that this lapse could have bee allowed to occur so that Toyota could use the Supra name for a new vehicle – maybe on the production version of the FT-86 concept vehicle.

This vehicle is due to be launched in November 2011. More optimistic speculation focuses on the possibility that Toyota has another offering in the works – hopefully a sport scar like the FT-HS concept that could pave the way for the revival of the Supra.