Unveiling the Lexus LC 500 coupe at the Detroit auto show on Monday, Toyota president Akio Toyoda said that the new model featuring the brand's distinct jagged grille, was the company's response to years of public criticism about the brand's uninspired designs.
"I was determined to make sure we became a more emotional brand, and that the words 'boring' and 'Lexus' never showed up in the same sentence," Toyoda told reporters. "This is a brave, new Lexus." Based on a flowing concept design shown in 2012, the new model features a V8 engine and a new 10-speed transmission system, and will be the brand's first model to use a new, luxury rear-wheel drive platform developed under the company's new shared platform production system.
"We want to make clear the distinction between the Toyota brand and the Lexus brand," Lexus International President Tokuo Fukuichi told Reuters.
"The Toyota brand is the anchor which delivers consistently high quality products to the mass market... Lexus is for drivers who are more discerning about drivability, design and quality," he said, acknowledging that the luxury brand may not have been delivering on those fronts in past years.
Fukuichi said that the new model would be released "as early as possible" in 2017. He declined to comment on pricing, but said that the company aimed to sell 6,600 cars annually.
Toyoda also said it plans to market a fuel cell vehicle (FCV) under the Lexus brand "around 2020" as part of its pledge that all of its vehicles would be zero emissions by 2050.
A Lexus FCV would be the second model produced by Toyota which uses hydrogen as a power source, to cut out carbon emissions, following the Mirai launched in late 2014.
Scion C_HR concept_
Over at Scion, Toyota's youth-oriented brand is targeting an older, more mainstream audience as "millennials" delay car purchases, raising the possibility of weaker-than-expected sales growth this year.
"Millennials are in fact buying cars, they have just waited longer to buy cars because they've come out of college with more financial debt than any other generation, so their decision making around durable goods is being delayed," said Andrew Gilleland, who took over as vice president of Scion in September.
He said the brand expected to sell 70,000 to 80,000 cars this year, acknowledging the risk that sales may come up short of a previous forecast of 80,000.
Scion is Toyota's solution-in-progress to an ongoing slide in car ownership among young drivers, who are increasingly turning to ride-hailing apps and car-sharing services as an alternative to owning cars.
Scion is counting on its first crossover model, the C-HR, which goes on sale in early 2017, as the brand bets on a general boom in US demand for larger vehicles to lift sales to 100,000 next year.
Scion FRS RS2.
