Who Owns Lexus?-Let’s Know More

Lexus has its headquarters in Nagoya in Japan. It primarily deals in premium luxury automobiles. It was found in 1989 by Eiji Toyoda. What was a company for a premium sedan called the F1, now manufactures sedan, convertible, coupe, and SUV models. Let’s know Who Owns Lexus?

Who Owns Lexus?

Who Owns Lexus?

The parent organization who owns Lexus is Toyota Motor Corp, which in turn is a major part of Toyota Group. Toyota Motor Corp is a public company listed on the London Stock Exchange, New York Stock Exchange, Tokyo Stock Exchange, and Nagoya Stock Exchange. It is one of the largest automobile manufacturers in the world. Its production in a year is about 10 million vehicles. Toyota was founded by Kiichiro Toyoda in 1937 on August 28th.

In addition to Lexus, Toyota Motor Corp. also owns Scion- which was founded in 2003 but discontinued in 2016 because its sales were low, Daihatsu- it was fully owned and made a subsidiary in 2016, and Hino Motors-it was established in 1942. It has a 20% stake in Subaru’s parent company- Fuji Industries, 4.6% in Isuzu, 4.9% in Suzuki, 5.1% in Mazda, and 3.8 % in Yamaha Motor Corporation. Furthermore, it has a minority stake in Tesla as well.

Lexus Speciality

Lexus cars are believed to be one of the best luxury cars in the world. It tops the lists for the quality awards years and years to come for the best vehicles in their class.

Lexus has achieved the correct balance of function and form within their cabins. The balance optimizes efficiency and comfort. They used the very best materials to give their customers a luxurious experience every time.

Jeff Bezos Career Advice
Jeff Bezos Career Advice

The Lexus engineering is meticulous and edge cutting, which delivers a seamless experience driving. The engines are esteemed for their efficient and responsive nature. The vehicles are renowned for their reliability and safety.

JD Power Dependability Award has been bagged by Lexus consecutively for 6 years (as of 2017) for being the most dependable car available in the market.

Lexus has a great resale value too. And even on the buying end, purchasers are not quite worried because they know the quality and dependability.

One of the guiding principles Lexus strictly abides by is designing leadership through innovation.

The cars are also extremely fuel-efficient, which is another achievement of the automobile’s engineering. It represents Lexus’ advancement and efficient design as well as how dedicated Lexus is to customer satisfaction.

Lexus Upcoming

The company has an exciting much-anticipated lineup for its customers in 2021 and 2022.

Lexus LQ is Lexus’ new primary SUV replacing the classic but outdated Lexus LX. It is expected to be released and start its sales in the spring of 2022. The price range of the LQ is presumed to be $80,000 to $85,000. Its top models will be easily crossing the $100,000 mark.

Lexus NX will be the second generation of its kind. It is set to make a debut on June 11 in 2022 at 11 pm on the official Lexus website.

Lexus Plants

While Toyota may own Lexus, Lexus in multiple aspects operates individually.

It is in the Chūbu and Kyūshū regions of Japan where the maximum number of Lexus vehicles are produced. It was only in 2003 that a Lexus product was manufactured in a plant outside of Japan. The plant was in Ontario, Canada and it produced the Lexus RX 330. After this, Lexus went ahead by setting up more plants in Canada and the United States.

Find out where Lexus models sold around the world are made:

The Kitakyushu plant in Japan is responsible for the manufacturing of Lexus CT, Lexus HS, and the Lexus RX.

The Miyawaka plant in Japan produces five models, which are: Lexus ES, Lexus IS, Lexus RX, Lexus NX, and the Lexus UX.

The Lexus SC is manufactured in the Susono based unit of Japan.

The manufacturing unit of Tahara, which is yet again in Japan, is in charge of the production of Lexus LS, Lexus GS, Lexus IS, Lexus GX, Lexus RX, and the Lexus NX.

Japan has another major plant in the Toyota City which handles the manufacturing of Lexus ES, Lexus LX, Lexus LFA, and the Lexus LC.

Lexus has a manufacturing unit in the city of Cambridge which is in Ontario Canada. This plant takes care of making Lexus RX and Lexus RXh.

Lexus also has a plant in Kentucky, USA in the city of Georgetown which is particularly responsible for producing Lexus ES.

History of Lexus

It was in 1983 that the then chairman of Toyota decided for Toyota to venture into luxury automobiles. He wanted the car to be the ultimate luxury vehicle that offered safety, comfort, speed, beauty, dignity, and comfort. The first Lexus, the LS 400 was introduced to the world in the fall of 1989 set unprecedented standards for all forthcoming luxury cars. This new flagship had no major similarities with Lexus’ parent company- Toyota’s vehicles.

In 1999 the company ranked to be the top-selling luxury vehicle maker and recorded their one-millionth automobile sold in the US market.

In 2005, the company underwent a huge organizational shift as they separated from the parent company- Toyota, by having engineering, training, design, and manufacturing centers dedicated exclusively for the Lexus division.

Lexus only arrived in the home country of Japan in the year 2005.

What started out as a top-secret project has now become the world’s fastest-growing manufacturer for high-end luxury automobile brands?

Best Rated Lexus Cars

The best-rated Lexus cars are:-

Lexus GX- it is a mid-sized 7 passenger SUV. It produces a hp of 301.

Lexus RX- from a premium crossover, gives a plush riding experience. It is very comfortable and stylish. Buyers have an option between the RX450h and the RX350. The driving experience is nothing less than relaxed.

Lexus IS 300- it was the company’s project to rival BMW for its sports sedans.

Lexus LS XF40- its exterior and interior are adventurous and chiseled. It either drives on all four wheels or its rear.

Lexus RX Hybrid- it is one of the most popular and perhaps the best electric SUVs and luxury hybrids. It offers a stable and comfortable experience for an everyday driver.

Worst Rated Lexus Cars

Lexus LS 460- the 2007 and 2008 models

of the company have been rated to be the worst models by Lexus. There were complaints about the cost for repair being high, its dashboards and panes were also reported to be melting and the mileage was also average.

Lexus IS 250- for such an aggressive design the car is not as athletic as you would like it to be. Because of its fussy remote touch feature, its infotainment system is hard to deal with.

Lexus IS 350- the models were a fire hazard according to the NHTSA because of the fuel leaks. The models from 2006 to 2013 had massive recalls which affected about 115,000 models.

Lexus GS 450h- while it was the most powerful hybrid but was not sporty. It had a lot of issues. Because of the hardening dampers, the car was considered a fire leak by NHTSA which led to recalls.

About Toyota

For the first time in 2008, Toyota became the largest manufacturer of automobiles in the world.

The company suspended its production of passenger cars during the Second World War and concentrated on making trucks. The aftermath of World War II wrecked its facilities. The economy was chaotic and because of it, the company did not resume its production of passenger cars until the year 1947. The first car they released after resuming production was the Model SA.

Toyota’s production factories of automobiles started their operations in full swing only by the 1950s. The company started to carefully study American manufacturers of automobiles for them to gain competitiveness.

Conclusion

Lexus has been a customer favorite ever since the start. They have passed the test of time and have only gotten better with each passing model. Their new designs and innovations with time are a clear signal that they are here to stay. They are entirely trendsetters and their sales are proof of that. They have loyal customers who have never even thought of switching to other luxury brands for their vehicles.

FAQs
  • Which Lexus car is the most expensive?

Ans: The LC Inspiration Series is the most expensive Lexus car. The special edition is for $106,210, otherwise, it is priced at $92,950. The hybrid Lexus LC 500h is for $97,460.

  • Which Lexus is fast?

Ans: The Lexus LFA has a top speed of 202 mph, making it the fastest Lexus car. It also accelerates the fastest among the Lexus’.

  • Which Lexus is the sportiest?

Ans: The Lexus LFA Nürburgring Package is easily the best sports car offered by Lexus.

  • Which of the Lexus cars offers the highest horsepower?

Ans: 610 hp is the highest total power output offered by a Lexus product and Lexus LS 600hL is the one.

Who Owns Lexus?-Let’s Know More

Leave a Reply

Your email address will not be published.

Scroll to top