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TOKYO, July 27 (UPI) -- Japanese automaker Toyota Motor Corp. will begin selling three models of its Lexus brand originally developed for the North American market, in Japan.
By marketing the U.S. models domestically, the automaker said it hopes to shatter the consumer belief that all luxury vehicles are foreign brands, Yomiuri Shimbun reported Wednesday. Some 90 percent of the Japan luxury car market is taken by foreign models.
"We'll try to get (Lexus) internationally recognized as a luxury model," Toyota Motor Corp. President Katsuaki Watanabe said Tuesday.
The models will compete with Germany's BMW 3 Series and Mercedes-Benz C-Class.
The Lexus was introduced in the United States in 1989 and has established itself as a premium brand and often ranks at the top of U.S. consumer confidence surveys.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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PORTLAND, Ore., May 23 (UPI) --
A $17.9 million U.S. Navy delivery order for maritime imaging systems has been received by FLIR Systems Inc.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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