The other answers are a little deceiving, the two cars were not sold at the same time, the first two models of MR2 were available as either fixed roof or targa tops (removable panels) the third generation MR2 was a soft-top or Spyder model.
Incidentally the third gen model was known as MRS in it's native Japan but that name was dropped for international sale for obvious reasons, yet in france MR2 is pronounced as emm-aire-duh which sounds similar to the french word MERDE, which they really should have considered if they were that worried about the name!!
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