At last year’s SEMA Show in Las Vegas, Lexus took the wraps off its high-performance IS F sedan, and Lexus is looking to continue its momentum with a series of show cars at this year’s show.

The 2008 Lexus display will contain four show cars. Lexus partnered with Fox Marketing, Artisan Performance, MotorworldHype but the show stealer will be a GS 460 customized by Five Axis.

Dubbed Project GS, the custom sports sedan was design by Troy Sumitomo and is slated to debut on November 4th. We haven’t heard any details on any performance mods but rumors are that Project GS is fitted with plenty of go fast goodies.

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Japanese tuner WedsSport has been racing a specially tuned Lexus IS350 in the Japanese Super GT since early in the current season, but now the tuning shop has turned its attention to the growing world of drifting. Sticking with the Lexus IS model, WedsSport has created a special drifter complete with a custom engine and steering system that will compete in the upcoming D1GP championship.

Powered by a 2JZ-GTE engine often found in the Toyota Supra, power output was around 310hp in stock form. WedsSport has managed to tune the engine to 780hp thanks to an HKS T04Z turbocharger and extensive ECU tuning.

Since this is a drift car completing in the D1GP, the suspension has been upgraded as well as a clutch and transmission, will help the car transfer the power to the road and hopefully pull off some spectacular drifts. In addition to producing 780hp, the WedsSport Lexus IS350 drift car also features a custom widebody kit, WedSport wheels and the usual manufacturer livery found on most drift cars.

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Hyundai announced that it is readying three modified Genesis Coupes for the 2008 SEMA show, Hyundai is now focusing its attention on the new Genesis Sedan. RKSport has annouced that they have been brought on for the SEMA show projects and their example will feature an enhanced version of the Genesis’ 4.6-liter V8 which produces 368 HP. …click here to read more

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The Active Wheel is essentially a standard wheel that houses a pair of electric motors. One of the motors spins the wheel and transmits power to the ground, while the other acts as an active suspension system to improve comfort, handling and stability on the road. …click here to read more

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General Motors unveiled the all-new Chevrolet Camaro in July at GM’s Design Center, complete with engine options and power outputs, but with no information about what specs or trim levels the rejuvenated muscle car would be available with. Leaked details for the car, which is set for launch early next year, have now surfaced, confirming there will be five different variants. …click here to read more

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