Exactly five years after the unveiling of the FT-1 Concept, Toyota has finally introduced an all-new Supra to the world.

It was a long gestation period but it’s safe to say the fifth-generation Supra A90 was worth the wait. By now chances are you’re no longer a stranger to the new model’s design in light of the recent leaks so we’ll focus on the performance part.

The influences from the FT-1 study are obvious on the outside as the Supra has a very muscular appearance. The interior, however, has a strong BMW vibe about it which is understandable given that the Supra shares the underpinnings with the all-new Z4 roadster. Sure, a cabin inspired by the FT-1 Concept would have been more spectacular but we should be grateful this car exists in the first place.

The quickest Toyota-branded production car to date: 0-60 in 4.1 seconds

The 2020 Toyota GR Supra debuts with a BMW-sourced 3.0-liter turbocharged inline six-cylinder engine that makes… wait for it, 335 horsepower (340 PS)! That’s 47 ponies less than the U.S.-spec BMW Z4 M40i. The peak torque is 365 lb-ft (494 Nm), 4 lb-ft (6 Nm) less than in the BMW.

Linked to an eight-speed automatic transmission with paddle shifters, the straight-six engine allows the Supra to go from 0 to 60 mph (0-96 km/h) in an estimated 4.1 seconds, with a top track speed electronically limited to 155 mph (250 km/h). That would make it the quickest Toyota-branded production vehicle to date. Japan will also get a 2.0-liter turbo-four available in two states of tune: 197 PS (194 hp) and 258 PS (254 hp), respectively.

The carmaker also promises the Supra will offer “an exhilarating blend of power, precision, and agility” thanks to its rear-wheel-drive design, low center of gravity and a 50:50 weight distribution.

Normal and Sport driving modes, active rear differential

The 2020 Supra will offer two driving modes, Normal and Sport. The latter reduces intervention of the traction and stability control functions as well as sharpening throttle response, increasing steering weight, improving transmission shift crispness. It also tunes the active differential more aggressively and amplifies the exhaust sound.

Speaking of the active differential, it uses an electric motor and multi-plate clutches to control lateral torque. The diff varies torque distribution between the rear wheels when cornering under both acceleration and braking. The system also ensures neutral handling by reducing both understeer and oversteer, according to Toyota.

The Supra features a double-joint spring strut front suspension and multi-link rear suspension that are said to favor both precise handling and ride quality. The Supra will feature 19-inch forged alloy wheels as standard shod with Michelin Pilot Super Sport tires sized 255/35 R19 at the front and 275/35 R19 at the rear. Stopping power will be ensured by 13.7in (348mm) front rotors with 4-piston Brembo calipers.

Standard Adaptive Variable Suspension, 3.0 and 3.0 Premium grades available in the U.S.

Since we mentioned ride quality earlier, you should know all Supras come with an Adaptive Variable Suspension as standard, with two settings available — Normal and Sport.

Going on sale in summer 2019, the 2020 Supra will be available in two grades – 3.0 and 3.0 Premium, as well as a Launch Edition based on the 3.0 Premium grade. All models will get standard features such as Keyless Smart Entry, dual automatic climate control, auto-dimming rearview mirrors, rear camera, rain sensor windshield wipers, garage door opener, power folding mirrors, and a leather-wrapped steering wheel.

On the safety front, standard systems include forward collision warning, automatic emergency braking with pedestrian detection, lane departure warning with steering assist, automatic high beam and road sign assist. Available active safety and convenience features are adaptive full speed cruise control, blind spot monitor, rear cross traffic alert and rear-end collision warning.

As for the infotainment part, the 2020 Supra brings a standard 6.5-inch display operated by a rotary controller on the center console. The 3.0 Premium grade gets an 8.8-inch touchscreen display with navigation, rotary touch controller, Supra Connect telematics services, wireless Apple CarPlay, a premium 12-speaker JBL audio system, and wireless phone charging.

Like the 2019 BMW Z4, the Toyota Supra will be built at Magna Steyr in Graz, Austria.

How much will it cost me?

Toyota also announced pricing for the 2020 Supra in the United States, with the MSRP starting at $49,990. Those willing to get their hands on one as soon as humanly possible will have to fork out $55,250 for the Launch Edition, which will be the sole trim level initially available in a limited run of 1,500 units. Sales in the U.S. will commence in the summer, and the Launch Edition will be offered in Absolute Zero White, Nocturnal Black or Renaissance Red 2.0 paint jobs, with contrasting red mirror caps and 19-inch black matte forged alloys.

The first two will get a red leather interior, while the third color option a black one, both with carbon accents. Moreover, the limited run Supras will get a plaque on the passenger’s side of the dashboard with the car’s serial numbers along with a graphic of Toyota’s CEO Akio Toyoda’s signature.

*Article updated with live images from Detroit