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
Luxury vehicle is known as the compact executive car in Britain where it specifies both the price range and vehicle dimensions. In the U.S., there is a broader category called entry-level luxury, which includes the bottom vehicles in the line-up of luxury brands as well as the top-of-the-line models of some non-luxury brands. Dimensionally, compact executive cars are smaller than mid-size cars and sometimes even smaller than compact/small family cars. Mass market compact cars typically use the economical front wheel drive transverse engine layout, well suited to the inline-4 engine, which also maximizes interior room. Most compact executive cars are rear-wheel drive