The Scion FR-S affordable sports car was revealed this week, following the recent unveiling of its twin, the Subaru BRZ, which is mechanically and cosmetically identical except for brand-specific badging and interior trim.

The FR-S is a rear-wheel drive sports coupe built jointly by Toyota and Subaru. It is powered by a Subaru-sourced boxer engine, a 2.0-liter four-cylinder that puts 200 horsepower and 151 pound-feet of torque to the ground with either a six-speed manual transmission or an automatic with steering wheel-mounted paddle shifters, says Motor Trend.

This car represents Toyota’s first foray into the affordable sports car market in a while. According to Autoblog, “The Japanese automaker hasn't offered a true performance machine in the U.S. since the MR2 Spyder ended production in 2007. The more hardcore Supra disappeared from American soil almost a decade earlier in 1998.”

Aside from its Subaru twin, the other natural competitor to the Scion FR-S is the Hyundai Genesis Coupe, which is also rear-wheel drive, comes with a similarly-sized engine and starts in the low $20,000 price range.

While neither pricing nor fuel economy ratings have been announced yet for the FR-S, Autoblog says they wouldn’t be surprised if Scion prices it less than $25,000. Like all other Scion models, a vast range of customization options for everything from the radio to the wheels is expected to be available when the car goes on sale in spring 2012.

Shopping for a Scion or an affordable sports car? Check out the U.S. News rankings of this year's best cars and check out the latest car deals. You can also skip negotiating with a dealer by using our Best Price Program. Also, be sure to follow us on Twitter and Facebook.