The Toyota MR2 Turbo is a mid-engined, 2 seater sports car manufactured by Toyota Motor Corporation of Japan.
There are several opinions on the origin of the name "MR2". I haven't listed all the variations, but here are some of the most popular interpretations of the name:
"Mid engined, Runabout, 2 seater"
"Midship Runabout 2-seater"
"Mid engined, Rear drive, 2 seater"
"Midship-engine, Rear-wheel drive, 2 seater"
"Midship Racer 2 seater"
There are three different generations of MR2 commonly known as:
The Mark I (MkI or first generation) produced from 1985 to 1989
The Mark II (MkII or second generation) produced from 1990 to 1995 (for North America, produced until 1999 in Japan and other countries)
The Mark III (MkIII or third generation) produced from 2000 and still in production. This is the first convertible model of the MR2 and is known as the MR2 Spyder.
Information courtesy of http://www.mr2.com/