Who is the owner of Lexus Motors?
Lexus Motors, a luxury vehicle division of the Japanese automaker Toyota, is renowned for its high-quality vehicles, innovative technology, and exceptional customer service. While Lexus operates as a distinct brand, it is important to understand its ownership and corporate structure to gain a clearer picture of its origins and operations.
The Ownership of Lexus Motors
Lexus Motors is owned by Toyota Motor Corporation, one of the largest and most successful automotive manufacturers in the world. Established in 1989, Lexus was created as Toyota's luxury vehicle division to compete with other high-end brands such as Mercedes-Benz, BMW, and Audi. The brand has since grown into a global leader in the luxury automotive market, offering a wide range of sedans, SUVs, and hybrid vehicles.
Why Toyota Created Lexus
The creation of Lexus was a strategic move by Toyota to enter the luxury car market, which was dominated by European and American brands at the time. Here are some key reasons behind the establishment of Lexus:
- Market Expansion: Toyota wanted to expand its presence in the lucrative luxury car segment, particularly in the United States.
- Brand Differentiation: By creating a separate luxury brand, Toyota could differentiate its premium offerings from its more affordable models.
- Customer Demand: There was a growing demand for high-quality, reliable luxury vehicles, and Toyota aimed to meet this demand with Lexus.
Lexus Today
Today, Lexus operates as a key division of Toyota Motor Corporation, with a strong presence in markets around the world. The brand is known for its commitment to quality, innovation, and customer satisfaction, making it a top choice for luxury car buyers.
In conclusion, Lexus Motors is owned by Toyota Motor Corporation, and its success is a testament to Toyota's vision and dedication to excellence in the automotive industry.
Frequently Asked Questions
Who builds Lexus engines?
The Japanese auto manufacturer Toyota Motor Corporation is the parent company of Lexus. Lexus serves as Toyota's luxury line of sedans and SUVs.
Does Lexus use Toyota engines?
That fact ensures some of their engines are still made within the same factory walls. Indeed, in a recent publication detailing Lexus' history, MotorTrend proclaimed in no uncertain terms that Toyota actually makes Lexus engines.
Where is Lexus made in the USA?
Georgetown, Kentucky
Cambridge, Ontario, Canada is home to Toyota Motor Manufacturing Canada, Inc. This plant is responsible for the Lexus RX and RX hybrid. Finally, the US home to Lexus is Georgetown, Kentucky, United States. At Toyota Motor Manufacturing Kentucky, Inc., Americans build the Lexus ES.
Does Toyota own 100% of Lexus?
Toyota does own the Lexus lineup of Lexus car models and SUVs, but the two brands operate independently with headquarters in separate cities.
Who owns Lexus Motor Company?
Toyota Motor Corporation
Lexus is a division of Toyota Motor Sales, U.S.A., Inc., a wholly owned subsidiary of Toyota Motor Corporation. For further information on investing in Toyota Motor Corporation, please click below.
What celebrity owns a Lexus?
From Paris Hilton's Lexus LFA to Shaq's massive Ford F-650, and even John Cena's custom Ford GT, these celebrities have some of the craziest cars you've ever seen!
Is Lexus better than BMW?
BMW vs.
Not only is Lexus a more dependable brand, but its average annual maintenance costs are also lower than BMW's. On average, Lexus owners report spending approximately $550 per year on maintenance. Comparatively, BMW owners report spending an average of $1,000 to $1,700 per year to maintain their vehicle.
Who owns Lexus now?
Yup! Lexus is owned by the Toyota Motor Corporation and is headquartered in Japan alongside Toyota. Lexus models were primarily built in Japan until 2003, when the Lexus RX 330 was built in Ontario. The Lexus brand has manufacturing plants all over the world producing luxury vehicles for Brandon drivers to enjoy.
Are Lexus engines better than Toyota?
It's also interesting to see that Lexus cars generally come with a bit more power than their Toyota counterparts – rather than using it for fast acceleration times, the extra poke can mean you won't have to put your foot down so hard, helping you save fuel and have a smoother ride.
What's better, Toyota or Lexus?
Consumer Reports speaks highly of both brands. However, Lexus is top ranked of all brands in the 2023 JD Power Vehicle Dependability Study. Kelley Blue Book has awarded Lexus with the 2022 Most Trusted Luxury Brand and 2023 Best Luxury Brand for resale values.
