Motor Trend is reporting that Toyota's may be getting back into motorsports big-time with a GT entry based on the Lexus LFA. According to the report, Lexus would enter the FIA GT1 championship to take on the Nissan GT-R. This seems like a move downmarket for the $375,000 Lexus sports car from a marketing standpoint. GT1 is also a faltering race class that's being eliminated under the new 2011 Le Mans rules.
If Toyota wants to race the LFA, it would make more sense to head to Le Mans where it can take on Ferraris, Aston Martins and Porsches in the GT2 class. The LFA race edition (above) that's already been developed and run in the last two 24 hour races at the Nürburgring would already be close to GT2 specification and could be ready for the 2011 race season.