Lexus LS US$1 billion, and premiered with a new V8 engine and numerous luxury features. The Lexus LS was intended from its inception for export markets, and the Lexus division was formed to market and service the vehicle internationally. The original LS 400 debuted to strong sales, and was largely responsible for the successful launch of the Lexus marque. Since the start of production, each generation of the Lexus LS has been manufactured in the Japanese city of Tahara, Aichi. The LS name stands for "Luxury Sedan". Some Lexus importers used the backronymic name, "Luxury Saloon". In August 1983, Toyota chairman Eiji
Toyota Verossa 2001, appeared in conjunction with the "Toyopet Store" alternative called the Progrès, and the "Toyota Store" Brevis. Toyota replaced the aging Toyota Mark II stablemates, the Chaser and Cresta which ended production together in 2000, combining the sporting aspects of the Chaser with the high luxury content of the Cresta, in a vehicle that was smaller than the Toyota Crown, a favorite with Japanese luxury car buyers for decades. The Verossa was a larger version of the Toyota Altezza that appeared in 1998 that became a sales success, offering high performance and luxury with a straight 6 engine and rear