Toyota has confirmed its plan to build a compact Lexus, whose main competitors will be the BMW 1 Series and the Audi A3. ‘We will offer a Lexus in the compact class’, said Tadashi Arashima, Senior Managing Director and Member of the Board of Toyota. Mr. Arashima also said that Lexus will need smaller and more fuel efficient vehicles, in order to comply with the European CO2 standards, and this baby IS will be one of these cars. Unfortunately, there were absolutely no details on the car, except that it won’t be arriving until next decade.
The compact car won’t be the only small car Lexus is working on, Mr. Arashima also mentioning a small hybrid, based on the Toyota Prius, which will be available in the US and then in Europe. According to Car Magazine, the hybrid Lexus will be powered by a larger engine, possibly a 2.5 liter unit, and the car will be unveiled in late 2009.
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