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.

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Word is that a new Toyota Supra could be out in the market soon. This possibility was sparked off by a comment made by the head of Toyota, whose key interest was in developing a fifth generation Supra.

The concept of the vehicle was unveiled at the Detroit Motor Show in 2007, and when the car comes out it will be the first to see the light of day since the cancellation of the Mark IV in 2002.

Akio Toyoda, head of Toyota Motor Co. was a fourth generation Supra owner, and is widely known to be a fan of the hybrid. According to early reports, the car could be using a hybrid powertrain to power it, which includes a V6 engine.

It is unclear, however, whether focusing on the fifth generation Supra is actually the way Toyota is going. Reports say the company is preparing a replacement to the MR-2. Moreover, the FT-86 sports car is in the advanced development stages with Subaru, and there is a possibility that the company may not see a Supra release as an immediate plan.

No I’m not suddenly a poet but the sound of these Supras on the autobahn certainly set the mood for me. German high ways, lots of power and lots of racing with other cars, including an M5 from what it looks like, then some night racing on a No Speed Limit? I can definitely feel the adrenaline rush! It’s insane.

Too bad something ends up in fire!