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At the rate BMW is going launching new models, it might run out of letters and numbers soon.

While the Supra nameplate from Toyota is well known and has rich ties to sports car performance, BMW might opt to use the Z7 nameplate for its version of the joint project with Toyota. The under-development sports car twins will rival the Porsche 911 in both price and performance.

SEE ALSO: BMW, Toyota Joint Sports Car to Debut in 2017

This second project car between BMW and Toyota will essentially be replacements for the BMW Z4 and Toyota GT86 / Scion FR-S come 2017. What is known about the project is that it will be the first mid-engined mainstream two-seater model for both brands and will likely sport a hybrid power train with a six-cylinder engine.

Even more interesting is that this particular model might become known as the Lexus ZC/ZR, acting as a little brother to the LFA rather than a Supra replacement.

GALLERY: Toyota FT-1 Concept Live Photos

GALLERY: Toyota FT-1 Concept Official Photos

[Source: Car]

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