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Monday July 16, 12:00 pm Eastern Time

Press Release

SOURCE: Lexus

Lexus Introduces Two New IS 300 Models

IS 300 SportCross and New Five-Speed Manual Transmission Sport
Sedan to Arrive In August

TORRANCE, Calif., July 16 /PRNewswire/ -- A year after the successful launch of
Lexus' first compact sport sedan, the luxury carmaker will introduce two new versions
of the IS 300 for 2002: the versatile IS 300 SportCross and an IS 300 sedan featuring
a five-speed manual transmission. Both new IS 300 models will be available next
month.

The Lexus IS 300 sedan, currently on the market, offers a compelling challenge to
European sport sedans, packaging a high-performance powertrain, rear-drive chassis
layout, and a sports-car inspired interior in a taut, wedge-shaped body. For 2002, the
manufacturer's suggested retail price (MSRP) for the automatic sedan remains at the
current price of $30,805.

Lexus will offer the 2002 IS 300 sedan equipped with the five-speed manual
transmission as a separate model that will also feature slightly firmer suspension tuning
than the automatic model. MSRP for this new model will be $29,435. The crisply
shifting five-speed manual transmission will satisfy drivers who prefer more control over
the 3.0-liter inline six-cylinder engine's broad power band. The IS 300 engine, also
shared with the larger GS 300 performance/luxury sedan, produces 215 horsepower at
5,800 rpm and 218 lb.-ft. of peak torque at 3,800 rpm. The engine delivers both high-
revving power and strong low-end and mid-range torque, due in large part to Variable
Valve Timing with intelligence (VVT-i).

Lexus expects to sell 1,600 during the remainder of 2001 with a projected 4,800 units
sold in the following years.

Younger Buyers

``When we introduced the IS 300 for 2001, we promised that we'd offer a manual
transmission model for 2002, and we're fulfilling that promise,'' says Lexus Group Vice
President and General Manager Denny Clements. ``The IS 300 has been attracting
younger customers to Lexus showrooms, and many of them have been waiting for a
manual transmission.''

Lexus also expects the 2002 IS 300 SportCross to appeal to younger customers, many of whom have small families or
need room for outdoor activities, such as mountain biking. The SportCross has the same sporty performance as the sedan
and combines a unique, European-influenced design with the bonus of greater utility from a five-door body style. The rear
tailgate, split fold-down rear seatback and fold-down front passenger seatback allow the SportCross to carry long or
oddly shaped items that might not fit easily in conventional sedans. Because it is based closely on the IS 300 sedan, the IS
300 SportCross avoids some of the typical styling cues that define conventional wagons.

``Like the IS 300 sedan, the IS 300 SportCross was initially designed for the European market, and there is a sizeable --
and vocal -- portion of our customer base that appreciates that we've brought these models to the U.S. with no
compromise in design or performance,'' says Clements. Lexus plans to sell approximately 5,000 SportCross models
annually. Base MSRP for the innovative, new IS 300 SportCross will be $32,305.

Not A Sedan, Not A Wagon - Something In Between

The Lexus IS 300 SportCross blurs the lines between body types, offering a new silhouette that admittedly places unique
design ahead of maximum utility.

``We wanted to preserve the image of dynamic performance with the IS 300 SportCross,'' says Nobuaki Katayama,
chief engineer for the car. ``We felt that a conventional wagon body would detract from that image, and on the other hand
we also knew that IS 300 customers were less inclined to require the full utility of a boxy shape.''

The IS 300 SportCross uses the hood, front fenders and front doors from the IS 300 sedan. The roof, rear quarter
panels, rear doors and rear side glass are all unique to the SportCross.
 

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is it me or did we already know this waaaaay back? thanx...i guess . for wasting your time.. but hey its the thought that counts, right?
 

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Uhhh, he's just posting the press release as the official word from Lexus. I don't think he's claiming that it's anything we didn't already know "waaaaay back"...


Originally posted by DungDealer:
is it me or did we already know this waaaaay back? thanx...i guess . for wasting your time.. but hey its the thought that counts, right?
 

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So, auto-dimming mirrors are standard on all models? I thought that was the case, however every picture I’ve seen thus far seemed to indicate otherwise… Well, cool beans
 
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