Lexus is a luxury car brand owned by the Japanese automaker Toyota Motor Corporation. It was founded in 1989 and has become one of the world’s largest automotive brands, selling more than 2 million vehicles each year. Lexus also produces SUVs and crossovers, as well as hybrid electric vehicles.
The company is headquartered in Nagoya, Japan with production facilities located throughout the globe including locations in North America, Europe, China, and Malaysia. Toyota owns 100% of Lexus’ shares and provides all aspects of its operations from design to production to sales and marketing support.
The Lexus car company is owned by the Toyota Motor Corporation, one of Japan’s largest automotive manufacturers. The luxury brand was introduced in 1989 as an effort to provide vehicles that offered a more upscale driving experience than other vehicles produced by Toyota. Since then, Lexus has become known for its innovative technology and impeccable craftsmanship, making it one of the most desirable and respected automotive brands in the world today.
The Lexus Life Story: How a Luxury Global Brand was Created
Where are Lexus Made in USA
Lexus vehicles are made at the Toyota Motor Manufacturing Kentucky (TMMK) plant in Georgetown, Ky. The TMMK facility is one of the largest and most advanced production facilities for Lexus models in North America. From its inception as a single assembly line operation in 1988, TMMK has grown to become an integrated production complex with more than 7.5 million square feet under the roof on 1,300 acres and employing 8,000 team members who produce over 500,000 vehicles annually.
Are Lexus And Toyota Engines the Same?
No, Lexus and Toyota engines are not the same. While both brands use similar engine designs in many of their vehicles, there are a number of differences between them. The most obvious difference is that Lexus engines tend to be more powerful than those found in Toyota models.
This is because Lexus has access to higher-performance components such as better fuel injectors, turbochargers, and computerized systems that help increase horsepower and torque output from its engines. Additionally, Lexus utilizes superior materials for its engine construction which allows it to create a lighter yet stronger engine block – resulting in improved acceleration performance when compared with a similarly sized Toyota motor.
Who is the Current Owner of Lexus?
The current owner of Lexus is Toyota Motor Corporation, a Japanese multinational automotive manufacturer. Founded in 1937, Toyota has become one of the largest automakers in the world and is renowned for its use of advanced technology and streamlined production methods. The company acquired Lexus when it purchased a controlling stake in 1989 from Fuji Heavy Industries Ltd., which had been producing luxury vehicles since 1983.
Since then, Lexus has gone on to become one of the most successful luxury automobile brands in history with more than 2 million vehicles sold worldwide as of 2019. With its combination of modern design, high-end engineering, and cutting-edge safety features, Lexus continues to be an industry leader into 2021 and beyond—all thanks to its long-standing connection with Toyota Motor Corporation.
Is a Lexus Basically a Toyota?
No, a Lexus is not basically a Toyota. Lexus is the luxury vehicle division of Japanese automaker Toyota Motor Corporation that produces and sells high-end automobiles in over 70 countries around the world. The first model released by Lexus was the LS 400 which debuted in 1989 and since then they have become renowned for their reliable performance and excellent craftsmanship.
Although both brands are owned by Toyota, each has its own distinct design style with different engines, suspension tuning and overall driving experience. While some parts may be shared between the two vehicles such as brakes or alternators, most components are specific to either brand such as transmissions, interior features or exterior styling elements. As far as reliability goes, both brands consistently rank well in surveys conducted annually across multiple categories however; customers who prefer more comfort or superior performance tend to lean towards buying a Lexus instead of a Toyota due to its higher quality standards and greater attention to detail.
Why Did Toyota Buy Lexus?
Toyota Motor Corporation acquired Lexus in 1989 as part of its efforts to expand into the luxury car market. Toyota had already established itself as a reliable and affordable vehicle manufacturer but was looking for ways to diversify its portfolio. In addition, adopting the Lexus brand allowed Toyota to target a much larger audience that appreciated quality and performance over price.
The purchase also provided an opportunity for Toyota to establish itself in North America where it had previously been absent from the luxury car market share. Furthermore, acquiring Lexus gave Toyota access to new technologies such as anti-lock brakes, traction control systems, and variable valve timing which they could then incorporate into their own vehicles. Finally, purchasing Lexus allowed Toyota to tap into its existing network of suppliers so that they could produce parts more efficiently while still maintaining high levels of quality control – something that has long been associated with both brands throughout their respective histories.
Taken together, these factors made investing in Lexus an attractive proposition for Toyota who saw it as an important step towards further cementing their position within the automotive industry going forward.
Conclusion
In conclusion, the Lexus car company is owned by the Japanese automotive manufacturer Toyota Motor Corporation. Founded in 1989, Lexus has grown to become one of the most successful luxury vehicle brands in the world. With its commitment to quality and innovation, it’s no wonder why so many people have chosen to drive a Lexus.
This iconic brand continues to impress drivers with its stylish design, cutting-edge technology, and excellent customer service.