Borrowing a name from the recent past, Toyota launched a mid-engined, rear-drive, two-passenger sports car as a late 2000 model. The name and configuration had last been seen in 1995, in the form of an MR2 coupe. This time, Toyota made the MR2 a Spyder convertible instead. Priced to go against the popular Mazda Miata roadster, the MR2 Spyder also competed against the more costly BMW Z3-Series and Honda’s S2000.
After a half-decade on the market in its prior form, Toyota’s mid-engined, rear-drive sports car earned a redesign for 1991. Dubbed "Mister Two," the 2-seater skipped the 1990 model year completely. The reworked version arrived in spring of that year, as an early ’91 model. Bigger and racier in appearance than its predecessor, the 1991 MR2 displayed Ferrari-like styling and offered more power than before. Base models got a 130-horsepower, 2.2-liter 4-cylinder engine, borrowed from Toyota’s Celica GT/GT-S.