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Will depend on sales. Right now, judging by March 2014 sales numbers, sales are strong (for a niche car like this) and it's been in the market for about 2 years. Based on that and Tada-san's public commitment to continuing the GT86/FR-S, I would imagine Toyota is working on a mid-cycle refresh for the 2016 MY with possible updated engine options.
If that sells well, there will further development and a major re-design in 2018-2020.
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