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Toyota gives dealers permission to drop Scion, shows them FR-S droptop, Juke rival first

We recently heard that Toyota could be looking to shrink its network of Scion dealerships, and now Automotive News is reporting that the automaker has officially given its dealers the green light to dump Scion without any penalties. Currently, Scion has about 1,000 dealers, yet our report from August 8 quotes an industry analyst as suggesting a healthier figure would be between 350 and 500 outlets. But before its current dealers make a decision on whether or not to get rid of the youth-oriented brand, Toyota also showed off a couple potential future products in the pipeline.
The FT-86 Open Concept shown above was revealed back in March at the Geneva Motor Show, and AN says that an FR-S convertible was driven on stage at a recent national Toyota dealer meeting in Atlanta. There has still been no definitive word one way or another as to whether the droptop model will be built, but it could be a good way to follow up to the popular FR-S coupe. Another possible future product is a subcompact crossover, which was shown in drawing form at the meeting, presumably aimed at small CUVs like the Nissan Juke and the upcoming Honda CUV based on the Fit, a model recently previewed by the automaker's Urban SUV concept.

Toyota profits up 23% on high US sales, despite mounting legal costs

Toyota earned $9.3 billion in net income in the financial year that ends next month. The number beats earlier forecasts and marks a five-year high for the automaker, with both operating income and revenue up by 9.5 percent and 2.5 percent, respectively. Toyota saw quarterly profit enjoy a year-on-year jump of 23.4 percent, with the manufacturer earning more than $1 billion between October and December 2012. The good news comes in spite of the fact that the Japanese automaker actually endured an operating loss in North America, due in part to legal fees.
Toyota is set to pay more than $1 billion to owners who claim their vehicles decreased in value as a result of the company's recent spate of recalls. Even so, all three of the automaker's brands enjoyed a 13.5 percent sales increase in the US in the last quarter, beating the industry average. Toyota faltered in Europe, however, where it earned $99 million in operating profit last year, compared to $111 million in 2011. You can take a closer look at the company's full press release below for more information.

Scion FR-S may be getting supercharger kit from TRD

The Scion FR-S was just named the Hottest Sport Compact at the 2012 SEMA Show, and Toyota Racing Development (TRD) is apparently looking to make this car a little hotter. According to Car and Driver, TRD is close to coming up with a supercharger to fit to the car's 2.0-liter flat-four engine in order to squeeze out a little more performance. Currently, the FR-S produces 200 horsepower, but there's no guessing how much a supercharger could improve this figure.
With Subaru seemingly hard at work on a new turbo engine for the BRZ and even possibly a BRZ STI model, it is only logical for a force-fed FR-S to be in the works as well. Surprisingly, though, the report says that supercharger would be unique to the FR-S, but since the Scion and Subaru BRZ are mechanically identical, it isn't clear how this would be accomplished. TRD already offers plenty of upgrades for the FR-S such as exhaust, brake and suspension kits, and it offers a handful of superchargers for other models including the 5.7-liter V8 used in the Toyota Tundra and the 4.0-liter V6 used in the Tacoma.