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 Mark II with a luxury sports sedan, but not incur tax consequences for exceeding dimension regulations, the vehicle was limited to an engine size at 2000 cc as well as dimensions under long, wide, and high. The Corona Mark II was renamed the Toyota Cressida for export markets, and the name Cressida was not used in Japan. Production started in December 1976. The name Mark II was previously identified with the North American Continental Mark II which first appeared in 1956 and the term "Mark" is still associated with Lincoln Motor Company products. It was Toyota's largest sedan and wagon range offered