Lexus to add new models
#1
Pole Position
Thread Starter
Join Date: Jul 2003
Location: Louisiana
Posts: 334
Likes: 0
Received 0 Likes
on
0 Posts
Lexus to add new models
Lexus may build a crossover similar to the 2003 HPX concept.
Can Lexus Cross Over?
Luxury brand mulls crossovers, new hybrid
By MARK RECHTIN | AUTOMOTIVE NEWS
AutoWeek | Updated: 03/04/07, 11:17 pm et
PHOENIX -- High-flying Lexus is studying a plan to slot new vehicles in several key niches, which would fortify an already fast-growing lineup.
America's best-selling luxury brand is conducting market research on:
A seven-passenger crossover larger than the RX 330.
A compact crossover smaller than the RX 330.
A Lexus hybrid with a unique body style.
The fact that Lexus admits to "studying" these segments is a strong indication that it plans to produce the vehicles.
"Lexus does not intend to stop growing," said Bob Carter, the division's general manager. "We have not reached our limit."
The seven-passenger crossover, which probably would be the first of the three to appear, would be similar to the HPX concept that has been around since 2003. Lexus won't talk timing, but it could debut in the spring of 2008 using the rear-drive Lexus GS platform -- and might even appear sooner.
The HPX concept rides on a 116.5-inch wheelbase and is 194.3 inches long, bigger than Lexus' GX 470 SUV. Sources say the new vehicle would not replace the body-on-frame GX in Lexus' lineup.
The compact crossover under study would compete with the BMW X3 and Acura RDX.
The Lexus hybrid being considered would not be a hybrid version of an existing model. It would have its own body style, like Toyota's Prius sedan.
The three models are on top of several vehicles already expected to be added, say Lexus insiders.
Those include coupe and convertible versions of the IS 250/350, likely to arrive in 2008 or 2009. In addition, Lexus probably will announce plans to build the LF-A concept supercar at the Tokyo auto show in October.
Also, Lexus will launch the F line of high-performance cars. The IS-F arrives in December. Insiders say a GS-F version of the GS sedans also is likely.
Not all products being studied are sure to be approved. Those that do get the green light may not appear in all markets, Lexus executives said here at the press introduction of the Lexus LS 600hL hybrid sedan.
For instance, the compact crossover might be a good fit for Europe but could be too downscale for the Lexus brand in America, Carter said.
"The compact-premium market has really taken off in Europe, but it hasn't yet in the U.S.," Carter said.
"We could test the waters. But it doesn't mean you are going to see us going downmarket. Going under our current (price) floor is not a good strategy."
On the other hand, a production version of the HPX would be a good fit for the United States but not for many other markets, said Keith St. Clair, corporate manager of Lexus global strategy.
"We don't force new segments," St. Clair said.
Lexus is on a roll. Sales grew 24.1 percent from 2003 to 2006, to 322,434 units.
Carter says the luxury market has a "tail wind" that will push luxury-vehicle sales from 1.9 million units now to about 2.4 million by early in the next decade. But he wouldn't say how far and how fast he expects Lexus to grow.
http://autoweek.com/apps/pbcs.dll/ar.../70304001/1528
#2
Lexus Test Driver
Join Date: Oct 2006
Location: MS
Posts: 1,445
Likes: 0
Received 0 Likes
on
0 Posts
What happened to "L-Finesse"???
#6
"Repost" - similar thread started by yours truly here:
https://www.clublexus.com/forums/sho...d.php?t=269010
The LF-X concept came out before the adoption of L-Finesse. I'm sure that the concept will be heavily changed for production.
https://www.clublexus.com/forums/sho...d.php?t=269010
The LF-X concept came out before the adoption of L-Finesse. I'm sure that the concept will be heavily changed for production.
#7
Super Moderator
iTrader: (6)
I dunno....if they keep releasing all these cars...it will be dizzying to choose from. Like a flavor of the week. I imagine enough of these platforms will share the same basic chassis/parts. World domination is amusing but I dunno if I'd really want all things to be Toyota. Is there a head count as to how many models Toyota offers as of '07?
Some day like how we say "Xerox", "PhotoShop", "Kleenex"..."Toyota" may soon synonymous with car.
Some day like how we say "Xerox", "PhotoShop", "Kleenex"..."Toyota" may soon synonymous with car.
Trending Topics
#8
This design is so conservative you would think it's a Honda. The profile and large rims make me think Murano/FX.
I'm not a fan of SUVs, but everything Toyota produces turns to gold, so who am I to judge.
I'm not a fan of SUVs, but everything Toyota produces turns to gold, so who am I to judge.
#9
Lexus Champion
Join Date: Dec 2006
Location: NorCal
Posts: 2,596
Likes: 0
Received 0 Likes
on
0 Posts
Thread
Thread Starter
Forum
Replies
Last Post
Overclocker
Lexus Prototypes and Next-Gen Technology
29
10-25-06 08:22 PM