Which country owns Lexus?
Lexus, the luxury vehicle division of Toyota Motor Corporation, is owned by the Japanese automaker. Lexus was launched in 1989 as Toyota's premium brand, targeting the luxury vehicle market both domestically in Japan and internationally.
Toyota's Ownership of Lexus
Lexus was established by Toyota in 1989 as a separate luxury division to compete with other premium automotive brands such as Mercedes-Benz, BMW, and Cadillac. Lexus is a wholly-owned subsidiary of Toyota Motor Corporation, which is headquartered in Toyota City, Aichi, Japan.
The Lexus brand was developed to offer a more upscale and premium product line compared to Toyota's mainstream vehicles. Lexus models are designed, engineered, and manufactured by Toyota, but are marketed and sold as a distinct luxury brand.
Lexus' Global Presence
Since its inception, Lexus has expanded globally and is now sold in over 90 countries and territories worldwide. Lexus is Toyota's luxury vehicle division and is not owned by any other company. The brand has become one of the top-selling luxury automotive marques globally, competing directly with other premium brands.p>
Lexus vehicles are known for their high-quality craftsmanship, advanced technologies, and focus on customer service. The brand has established a strong reputation for reliability and customer satisfaction, which has contributed to its success in the luxury vehicle market.
