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Lexus will build a successor to its Ferrari fighting LFA supercar.

As we first reported back in 2012, a next-generation LFA is in the works.

Our insider’s tip has now been publicly confirmed by company Executive Vice President Mark Templin.

SEE ALSO: Lexus LFA II Will be Twice the Car for Twice the Price

As with all of the new performance-focused products coming out of Toyota these days, the LFA II has the support of company CEO Akio Toyoda. “Akio believes that every generation deserves to have a car like an LFA” said Templin, “so we’re building an LFA for the generation we have today.”

Templin went on to comment that there may even be plans for a car after that.

SEE ALSO: 2015 Lexus NX Review

The LFA was introduced in 2010, featuring a carbon fiber chassis, a 552 hp V10 engine and a price tag of $375,000. Just 500 LFAs were made.

Lexus is currently in the midst of a strong product push, having just launched the new NX crossover with the RC and RC F models set to arrive later this year. Rumors have indicated the Toyota luxury division is also planning to launch a version of its LF-LC concept car with a choice of either a hybrid engine or a twin-turbo V8.

GALLERY: Lexus LF-LC Concept

[Source: Automotive News]