It looks like a Porsche Carrera, we can’t tell if it sounds like one, but we are guessing it does not. Why? Because this little German racer is actually a Toyota MR2 dressed up with a Porsche Carrera GT body kit.

The outside keeps everyone guessing, but inside it becomes painfully obvious. We mean, look at the Porsche sticker slapped over the big “T” steering wheel. This “Porsche” transformed from a 2003 MR2 Spyder contains an average 138 horse power 1.8 liter 4-cyl. You can pick this puppy up for somewhere in the mid-teens…much, much cheaper than the cost of an official Porsche. Also, it’s a Toyota, so it’s probably less expensive to maintain and will run forever.

SEMA (Specialty Equipment Market Assn.) Las Vegas and Toyota are showing off this year with their upcoming Venza concept. Five Axis and Street Image are both working with the T on the Venza project car - making this part wagon part crossover into one of their most anticipated concepts. (more…)

Toyota called the iQ a “J-Factor” product, a term used to describe items designed with Japanese flair and uniqueness for international markets. iQ’s wheels are place on each corner, giving the vechile a wide Superman stance, pumped up by 16″ allow wheels.

Toyota also has a nice catch phrase for their interior “techno-organic”. From the flowing central console to the small though spacious rear seating, the fusion of this concept really comes together inside along with all the small yet easily accessible controls for driver and passenger.

The iQ, expected to hit Japan and Europe streets in 2009, is expected to weigh only 100g/km, combined with high fuel efficiency figures. The iQ will start production late this year, hitting UK showrooms in 2009. Toyota is willing to produce 100,000 vehicles, so expect to see many iQ’s on the road worldwide its first year.