It'll be an interesting concept/one-off that will never see the light of day, or if it does it will be horribly butchered. This is the way of Toyota... : /
Concept cars are never meant to go into production as-shown.
They are not built with costs, functionality, safety regulations, included...which is why you always end up with something different. You see these huge tires/wheels, shaved door handles, shaved roof (headroom anyone?), tiny mirrors, space-age head/fog lights. You won't get any of it because it isn't practical.
One of the closest concepts I can remember was the FJ Cruiser.
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(Inline 6 Hino Diesel Dually Axled Tundra "One-Off" for I believe it was 2008 if I remember right)
From people who are very close to all three models (folks with product and design knowledge who have been right about other model changes for a very long time), I've heard rumors of discontinuation for the last 2 years. Most recently (within the last 2 months), I've heard that there will be a heavy refresh for all three models in August/Sept/October of this year.
I think this could be about as significant as the 2016 refresh for the Land Cruiser and LX
How exactly was the 2016 LC refresh "significant?" Same platform and powertrain as before, correct?
New Transmission, Technology, Interior, and Exterior.
So basically the same Landcruiser as before but with an updated transmission and different body pieces. Not trying to be snarky, but this is still a LC 200 we're talking about here. Anytime someone touts a model "refresh" I have a hard time seeing it as anything more than marketing hype.
The only thing I really know for sure with relation to a next generation 4Runner/Prado/GX is that ToMoCo seems to be noncommittal with even their own product plans, with lots of last minute change happening across the board late in the process.
From people who are very close to all three models (folks with product and design knowledge who have been right about other model changes for a very long time), I've heard rumors of discontinuation for the last 2 years. Most recently (within the last 2 months), I've heard that there will be a heavy refresh for all three models in August/Sept/October of this year. I think this could be about as significant as the 2016 refresh for the Land Cruiser and LX - part of that reason being that the GX will be introduced into other world markets and needs a major overhaul to do that, and same for the 4Runner to be introduced in Japan as Hilux Surf. Think of how significantly the LX changed from 2012-2015, vs 2016 (this had to be done for branding purposes coinciding with introductions to new world markets who also get Land Cruiser and would see the two as too similar):
At some point closer to 2021/22, there will likely be a full redesign on either a unibody architecture or an alleged "TNGA-F" that is a new BOF architecture.
My educated guess at this point is that the FT-4X will be a concept vehicle representing a unibody midsize offload vehicle that could become Prado/4Runner/GX in the future.
^Lots of speculation above. Only sharing what I know and have heard.