Lexus is trying to control the inflation that comes with launching a new exotic car, especially ones that are limited-production models. Exotic car speculators often drive up the price and usually end up destroying the marketplace. Lexus plans to only offer a two-year lease of the new supercar at a fixed price that has yet to be announced.

At the end of the term, leaseholders will have the opportunity to purchase the car outright, at that time the title would be released to the purchaser. As Lexus’ vice president of sales and dealer development Brian Smith tells it, his company wants “people out driving the car and not just parking it in a museum or selling it at an inflated price.”

Lexus will also train 15 LFA specialists that will be located at the company’s four regional outposts, and the automaker will also pay for dealers to receive the special tools and training that will service the vehicles. …click here to read more

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Check out this video of the Lexus LFA guage cluster! If you have an extra $375,000.00 laying around, you get to stare at this driving down the road. …click here to read more

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It seems as though the Lexus LFA has been around for years. The concept model was introduced at the Detroit Auto Show in 2005, which is considered a long time in the automotive world. Toyota teased us with updated revisions of the LFA in 2007 and 2008, along with the swirling rumors that production was on and then off again. After all of the hype and the years of teases & rumors the production version was finally revealed to the world at the 2009 Tokyo Motor Show. You will still have to wait until early 2011 before you will see the supercar arrive on showroom floors. …click here to read more

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Toyota is planning to reveal one of its most highly-anticipated sports cars at this year’s Tokyo Motor Show – the 600+ horsepower Lexus LF-A. Despite the economic downturn, the Lexus LF-A is reportedly still on schedule, which leads us to believe that we will see an October reveal at the Tokyo show. Other reports suggest that the LF-A could be ready for a debut as early as September’s at the Frankfurt Motor Show.

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Lexus Toyota Motor Sales USA Inc. is recalling the vehicles in conjunction with the National Highway Traffic Safety Administration. The recall affects GS300/350, IS250/350, and LS460/460L Lexus vehicles with model years 2006 through 2008.
According to Toyota’s statement, some ethanol fuels with a low moisture content may corrode the internal surface of the fuel delivery pipes, resulting in a fuel leak over time. The pipe corrosion may trigger the malfunction indicator light in the vehicles, the company said.

Lexus dealers will replace the fuel delivery pipes at no charge, Toyota said. No other Lexus or Toyota vehicles are involved in the recall.

In late January, the Japanese automaker said Lexus will mail safety recall notices to affected owners.

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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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Lexus will launch its first dedicated performance model with a price that confirms its market aspirations. Lexus IS F will come to market with a recommended retail price of $129,000* – significantly beneath its three major rivals.

The pricing represents an aggressive and determined bid by Lexus to take charge of the highly competitive sports luxury market. It is as challenging as Lexus’ launch in Australia in 1990, when it priced its first LS400 well below its established competitors as a means of establishing a new benchmark for the luxury market. …click here to read more

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