Don't write the obituary for the Nissan Z just yet.

A source at Nissan told Motor Authority on Monday that the current Z car will be updated to meet regulatory guidelines for safety, and while no successor has been confirmed "there's strong interest within the company for the Z to live on." The source requested that their name be withheld because they're not allowed to publicly discuss future products.

Philippe Klein, Nissan Motor Company's chief planning officer, told Automotive News: "The Z is a difficult is rather shrinking worldwide. But we still believe there is a place for the Z and want to keep it alive, and that's what we're working on," noting those plans are for the mid-term.

The Z car hasn't been a priority, even though the current model dates back to 2009. Competitors ranging from the Ford Mustang and Chevrolet Camaro to the Porsche 718 Cayman and Boxster have all but eclipsed the Z in terms of power, performance, and technology.

Nissan Gripz concept, 2015 Frankfurt Auto Show

Nissan Gripz concept, 2015 Frankfurt Auto Show

Over the years, rumors have circulated regarding the Z's fate including one that the Z would morph into a crossover akin to the Gripz concept, which was shown at the 2015 Frankfurt auto show.

What about beyond this generation? Klein also told Automotive News: "For the long term, there are other considerations. If we do a complete new vehicle what should it be to keep the passion alive? And we're working very seriously on this—how we can keep the Z alive and refreshing and what would be the next generation?"

The future of the Z car is murky, but it's not dead, and there's passion within the company to see the nameplate continue.

Stay tuned for more as the Z story develops.