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I don't think a next-generation FR-S/BRZ is going to come for some time yet. At the point where they are developing a new chassis, etc. everything needs to be re-tooled anyways, so Toyota may decide to build their own or partner with a different manufacturer.
I wouldn't be completely surprised to see Subaru discontinue the BRZ after 5-6 years, or continue to build and improve on the current chassis while Toyota does their own thing. At some point it would make sense for Subaru to switch to their own DI system instead of using Toyota's. It's really the only Toyota part on the car. At some point Subaru will come out with a DI version of the FB20 and FB25 engines. The FB20 already makes about the same torque as the FA20, but only makes around 147hp since it only revs to 6000 RPM.
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