Why doesnt Toyota build performance orientated cars anymore?

It would be nice to see a new Corolla Turbo to compete with the plethora of other hot hatches available wouldn’t it, or how about a new Celica, MR2…..even a hypo Yaris would be a start!
Witch brings me to my hypothetical question.
Q: You work for Toyota and they want you to come up with a concept for a new performance car that has to be sold for around $40K new?
What would you tell them to build
Witch brings me to my hypothetical question.
Q: You work for Toyota and they want you to come up with a concept for a new performance car that has to be sold for around $40K new?
What would you tell them to build
