Toyota and Suzuki are rumored to be co-building a new sporting activities vehicle, per a report by Motor1.com citing a Japanese magazine. The two-seater coupe will reportedly have a mid-mounted 120-hp 1.-liter three-cylinder and weigh significantly less than the Toyota GR86. The undertaking is said to be encouraged by the MR2, with pricing possibly starting up among $16,000 and $20,000. A religious successor to the mid-engine Toyota MR2 could possibly be on the way—and it could have a standard gas-fed engine. Rumors are swirling on the net about the probability a new lightweight athletics motor vehicle getting designed together by Toyota and Suzuki (Daihatsu is also reportedly associated). New Toyota…