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In December 2019, Asbury agreed to buy Texas-based Park Place Dealerships, a collection of luxury vehicle dealerships in the Dallas/Fort Worth area, for $1 billion. [15] On March 24, 2020, the deal was canceled amid concerns due to the COVID-19 pandemic. [16] However, a modified deal was reached on July 6 of that year [17] which closed on ...
Lexus (レクサス, Rekusasu) is the luxury vehicle division of the Japanese automaker Toyota Motor Corporation. The Lexus brand is marketed in more than 90 countries and territories worldwide [3] [6] and is Japan's largest-selling make of premium cars. It has ranked among the 10 largest Japanese global brands in market value. [7]
The XF10 LS marked the debut of both the LS model and the Lexus brand. Toyota is a Japanese automaker that was founded in 1937 by Kiichiro Toyoda. [1] [2] In August 1983, Toyota chairman Eiji Toyoda initiated the F1 project ("Flagship" and "No. 1" vehicle; alternatively called the "Circle-F" project), a clandestine initiative aimed at creating a world-class luxury sedan for the global market. [3]
The Lexus RX is the top selling Lexus hybrid, with global sales of 335,000 units through March 2016, out of one million Lexus hybrids delivered since 2005. [ 141 ] As of April 2015, Lexus had accumulated more than 2.1 million RX models worldwide. [ 142 ]
The Lexus NX (Japanese: レクサス・NX, Hepburn: Rekusasu NX) is a compact luxury crossover SUV sold by Lexus, a luxury division of Toyota. Introduced in late 2014, it is positioned between the subcompact UX and the mid-size RX in Lexus’ crossover SUV lineup. According to Lexus, the name "NX" stands for "Nimble Crossover". [1]
The third generation Soarer sport coupe, largely identical to the SC 430, was superseded by its Lexus counterpart in Japan when the Lexus marque débuted there in 2005. The SC was the sole coupé in the Lexus lineup until the arrival of the IS C. [1] According to Lexus, the SC designation stands for Sport Coupe. [2] The LC replaced the SC ...
The ES was Lexus's only front-wheel drive vehicle until 1998, when the related RX was introduced, and the sedan occupied the entry-level luxury car segment of the Lexus lineup in North America and other regions until the debut of the IS in 1999. The ES name stands for "Executive Sedan". [5] However, some Lexus importers use the name, "Elegant ...
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