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Lexus LF-LC approved for production

On the sidelines of a press drive for the 2014 Lexus IS, the company's vice president of marketing in the US told Ward's Auto that the honchos in Japan have approved the Lexus LF-LC concept for production. He wouldn't offer any other details on how the luxury coupe might be transformed into a vehicle for the buying masses, and that has led to a bag full of speculation.
The show car was hybrid-powered and rear-wheel drive, a beautifully executed stab by Toyota designers in Newport Beach at redefining Lexus, but even with the concept, the point was to keep it "within reach for premium buyers." The report says the odds are on limited production and higher pricing than Lexus' "mainstream products," and other sites have speculated on what kind of powertrain it might end up in showrooms with.
GT Channel posits that the LF-LC will be the inspiration for a coupe in the Lexus LS price bracket with a choice of either the 4.2-liter V8 or the hybrid powertrain from the LS 600h, further speculating it will be called LC 550 and cost more than $100,000. It then says that there would be another coupe created beneath that one to replace the SC 430. Lexus Enthusiast, however, calls those "warmed-over rumors" and says that the marque probably won't deviate from its engine-capacity-naming scheme - labeling a car with a 4.2-liter V8 an LC 550. Nor does it think Lexus will use the letters LC after the company has trademarked "RC" in the US and Australia.

Toyota profits up 23% on high US sales, despite mounting legal costs

Toyota earned $9.3 billion in net income in the financial year that ends next month. The number beats earlier forecasts and marks a five-year high for the automaker, with both operating income and revenue up by 9.5 percent and 2.5 percent, respectively. Toyota saw quarterly profit enjoy a year-on-year jump of 23.4 percent, with the manufacturer earning more than $1 billion between October and December 2012. The good news comes in spite of the fact that the Japanese automaker actually endured an operating loss in North America, due in part to legal fees.
Toyota is set to pay more than $1 billion to owners who claim their vehicles decreased in value as a result of the company's recent spate of recalls. Even so, all three of the automaker's brands enjoyed a 13.5 percent sales increase in the US in the last quarter, beating the industry average. Toyota faltered in Europe, however, where it earned $99 million in operating profit last year, compared to $111 million in 2011. You can take a closer look at the company's full press release below for more information.

Production Lexus RZ 450e leaked ahead of official debut

The Lexus RZ 450e isn't supposed to debut until April 20, but some screenshots from Japan may have revealed the production EV's look. Unsurprisingly, they look pretty close to the official concept images we've seen before. In some ways toned down for production, in other ways amped up. The images appear to have been leaked in a Japanese Discovery Channel promo, which users at RZforums.com screen captured. The screenshots show a burnt orange-colored RZ driving on a test course in Japan. The inescapable dress-up comes in the form of a black hood that emphasizes the Lexus spindle grille. Though it's been in use for over 10 years now, it remains a controversial piece of Lexus design. It works better on some cars than others, but in the case of the RZ the company seems to want to double down on accentuating its lines. On the other hand, the concept's body-colored nose seems to have been replaced with a black section where the grille might have resided on a internal combustion car. This lets the RZ maintain a semblance of grille without actually having one. The result is a more traditional-looking face than the Mirai-esque concept schnoz. It should be noted that the production car wears a black roof as well, which the concept does not. Overall, the Lexus RZ's styling departs further from the Subaru Solterra and Toyota bZ4X upon which it is based. While those two are nearly indistinguishable from one another, the Lexus has unique sheetmetal as evinced by its surfacing, C-pillar treatment, and more. Perhaps as the biggest relief to some, the RX eliminates the black cladding on the front fenders for body-colored wings. The Toyota bZ4X is powered either by a single electric motor with 201 horsepower or a dual-motor, all-wheel-drive configuration with 214 horses. Both choices use a 71.4-kilowatt-hour lithium-ion battery that gets, in the Japanese testing cycle, 310 miles of range in front-drive and 285 miles in all-wheel-drive. The Lexus might get a performance boost, but we won't know until April 20 at the latest. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.