Year Founded
1989
Founder
Eiji Toyoda
Headquarters
Toyota City, Japan
Parent
Toyota Motor Corporation
Official Site
Toyota launched Project F1 in 1983 to compete with luxury brands Acura and Infiniti. Acura and Infiniti were luxury brands of Honda and Nissan respectively.
The F1 project was completed in 1989 with the launch of Lexus LS 400. Lexus LS 400 got good reviews from customers which helped to gain reputation.
With high quality, great performance, good customer support, and extreme luxury, Lexus quickly established itself in the market. Lexus’ mission has always been to provide a great driving experience and create vehicles with advanced features and great design. Lexus vehicles are widely known for their design, comfort, safety and reliability.
Because of these things, Lexus has also won many awards such as J.D. Power Dependability Awards.
From 1989 to 2005, all Lexus vehicles were manufactured in Toyota plants. From 2002 to 2005, there was a major reorganization within Lexus and after that, Lexus started making its own vehicles and became a separate brand.
In the beginning, Lexus was called Alexis. But it soon changed from Alexis to Lexus meaning Luxury and technology-focused.
Lexus manufactures a variety of vehicles including sedans, SUVs, and hybrid vehicles. Lexus’ hybrid models such as the RX Hybrid and ES Hybrid are very popular.
Famous models of Lexus are Lexus RX 400h/RX 450h, Lexus CT 200h, Lexus ES, Lexus LS and Lexus RX.
Many theories say that Lexus is a combination of words luxury and elegance, and is an acronym of “luxury exports to the United States”. But according to Team one, a team involved in the naming process and marketing of Lexus, it simply means luxury and technology.
Lexus is owned by Toyota Motor Corporation.
Lexus use high quality and premium components to offer more luxury than Toyota. But toyota focuses of reliability and creates cars for every segment.
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