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At the ongoing Australian International Motor Show in Sydney, the same show where Australian sportscar-maker Elfin took the wraps off its new Type 5 Clubman, Lexus unveiled a new version of its IS 250 sports sedan called the Sports Concept.

So what, you ask is the Lexus IS 250 Sports Concept? Think of it as IS F-light, but not quite as light on substance as appearance packages from its German rivals (think Audi S-line or Mercedes AMG sport packages). The show car has been outfitted with 19″ wheels hiding cross-drilled two-piece rotors clamped by six-pot calipers up front and four-pots in the rear, painted trademark Lexus F blue. It also sports Billstein shocks and springs; sway bars and chassis braces; an enlarged air intake and cat-back exhaust; a new clutch and short-shift kit; a carbon fiber engine cover and an assortment of spoilers and skirts.

In short, what we’re looking at is an IS F, only without the 5-liter V8. The revised breathing systems squeeze out a modest 1.5 percent increase in output from the 2.5-liter V6 for a total of about 213hp. The add-ons are currently being considered for the Australian market, but we’re sure there are plenty of fans of the IS F on this side of the globe who don’t need to hit 60 in the fours and wouldn’t mind a more affordable alternative given the current economic climate.

The US auto industry has hit a serious slump in 2008, with overall sales estimated drop by two million vehicles compared to 2007. Even the mighty Toyota has seen sales slip by 7.8%, which is better than the industry average, but a far cry from annual increases of 10%. And times may not improve in 2009 either, as the credit crunch and mortgage crisis have conspired to kick the auto industry in the pants. Toyota sales boss Jim Lentz says the mortgage crisis is the main culprit of tough sledding for the Japanese automaker. Florida and California, which account for 30% of overall Toyota Sales, have been especially hard hit by decreased home values. Lexus sales have been hit hard, too, as one third of all of purchasers in the Sunshine State use home equity to buy their luxury vehicles. It doesn’t take an accounting degree to know that houses are typically assets and cars are almost always liabilities. That large amounts of people who were using home equity to purchase cars is disturbing, and it’s likely a trend that isn’t unique to Toyota.

Toyota does see light at the end of the tunnel, as the Japanese automaker expects the US population to grow by 32 million in the next decade. Toyota also expects the rate of affluent customers to rise, which means more people with more money will want to buy a new car or truck. For the near term, since housing has gone nowhere but down and lenders are having trouble coming up with money, we’re guessing the car market will be taking a hit for quite a while.

These are the first photos of the U.S. spec 2009 Lexus IS that is already available for order in the North American market. In Europe, the revised IS will be unveiled along with the IS Coupe Cabriolet Concept (see details here) at the Paris International Auto Show in early October.

Although at a first glance the IS doesn’t look any different from the ’08MY IS, look a little closer and you may notice the new wing mirrors with the integrated turn lights, the slightly altered front grille, the newly designed 17 and 18 inch alloys, the redesigned front bumper with the more rectangular-shaped lower air intake and the revised taillamps with the L-shaped back-up lights. According to Lexus, the 2009 IS 250 / 350 also feature a newly designed center cluster and foldable rear headrests.

Power-hungry Lexus IS-F owners might be happy to know that Fox Marketing and Artisan are preparing a twin-turbo version of the Japanese performance sedan for the 2008 SEMA show that takes place in Las Vegas this November. According to Artisan’s estimates, the twin-turbocharged 5.0-liter V8 that also benefits from JE pistons, Crower rods, a Mishimoto radiator and a custom exhaust system will deliver more than 600 HP to the rear wheels.

Lexus has some changes in store for most of its model lineup in 2009, though there doesn’t appear to be anything in store for enthusiast drivers to rejoice over. Also cause for jeers instead of cheers: price increases from .8 to 1.1 percent, depending on model. The IS 250 and 350 do get revised suspension and steering tuning to go with exterior styling tweaks and the revised interior carries a new center cluster and an off switch for the VDIM stability control. The IS F über-IS also gets a new interior rendered in terra cotta and black that’s termed “sporty.”

The only news in the GS department is a 40% increase in trunk space for the GS 450h hybrid, which sounds fantastic but only amounts to 10.6 total cubic feet. The big LS sedans stay largely the same, though some new variants join the party. AWD versions of the LS 460 and LS 460 L tuck a Torsen differential onto the transmission’s output shaft, which then marshalls torque between front and rear axles. Slick. The AWD LSes come standard with air suspension, variable-ratio steering, and adaptive suspension.

The Moscow Auto Show seems like the perfect place for Lexus to unveil the all-wheel-drive version of its LS460. Russians have a torrid love affair with rolling living rooms, evidenced by the 7-series and S-class-lined streets of Moscow’s high-end shopping districts. Add AWD to the equation and the LS460 makes a strong case against the Germans.

As previously reported, the Lexus LS460 AWD is fitted with the same four-wheel-drive system and eight-speed auto ‘box as the LS600h, and comes equipped with a Torsen rear LSD and 381 hp, 4.6-liter V8 as the standard model. Torque split is set to 40/60 in normal driving conditions, but if you need to make a dramatic getaway on the mean streets of Moscow, 70-percent of the power can be sent to the rear-wheels.

Lexus’ L-finesse design language was meant to stand for “Seamless Anticipation,” “Intriguing Elegance,” and “Incisive Simplicity.” If we put aside the marketing speak for a moment, the point of L-f was to give Lexus design a greater emotional connection with consumers. While it certainly didn’t stop Lexus from selling more cars, we have a feeling that the increased number of wavy lines simply didn’t resonate with the public quite like it was meant to.

Now Lexus is looking for a successor to L-finesse. Emotional connection from a purely design standpoint — not “I just love my Toyota!” — has been a weak point for Japanese cars in this country. Even the GT-R, the LF-A and the last Supra, technological tour-de-forces that they are (or were or will be), and for as much emotion as they inspire, are not pretty cars. The LS is a good looking car, but we wouldn’t call it inspiring. Yet Lexus has a pretty good grasp on what its customers are looking for, so while we can’t imagine that whatever’s coming is going to be outrageous, we can hope that it will be a little less birds and clouds and a little more visceral.

[Source: Winding Road]

The introduction of the IS F proved that Lexus was serious about taking on its Germanic counterparts, but it’s taking another page out of the BMW and Audi playbook by beginning to offer a high-performance driving experience to prospective owners. The Lexus Performance Driving Academy has announced dates and locations for 2008, giving attendees a choice of two courses to suit their needs and pocketbooks.

The first course consists of a two-hour session that puts you behind the wheel of the IS250, IS350, GS460, GS450h and the IS F. These basic sessions are available on Saturday and Sunday and here’s the kicker: it’s free. If you’re willing to take a Friday off, you can upgrade to the “Ultimate” session that puts you behind the wheel of the IS F for a half-day, and includes your basic chalk talk (racing lines, grip dynamics, etc.), a team time attack, timed autocross session and a lead/follow exercise around the racetrack. Not a bad deal for $295.

Four tracks are available, including the Autobahn Circuit in Joliet, Illinois; the Auto Club Speedway in Fontana, California; the Summit Point Motorsports Park in West Virginia; and the Atlanta Motor Speedway, in Hampton, Georgia. You can head over to the Lexus Performance Driving Academy website for all the details.

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It’s tough to top Top Gear (as Gear producers are about to find out), but until Clarkson, Hamster and Captain Slow get back on schedule, the crew at WebRidesTV is back to cure our insatiable lust for all things automotive and in motion. Sure, it doesn’t have TG’s production value, but everything looks cooler with heavy vignetting.

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We’ve been hearing about a possible Lexus IS coupe for what seems like eons, and by most accounts, it’s likely to hit the streets sometime around the turn of the decade. A convertible is supposedly in the works too, but until now, there’s been limited proof that Lexus was planning to offer the two-door version of its entry-level sedan. However, the crew at my.is has been scouring U.S. and Canadian trademark applications and has come up with three new filings from Toyota’s luxury division that could mean Lexus is at least considering bringing the IS coupe to market.

The trademarks include alphanumeric names with a “C” affixed to the end, including the IS250C, IS300C and IS350C. “C” could mean a couple of things, but the smart money is on “Coupe.” It’s also telling that Lexus’ lawyers have trademarked the IS300C designation, since there’s nothing to slot in between the current entry-level IS250 and the markedly more powerful IS350. There’s no filing for an IS-FC, but if Lexus finally decides to provide the coupe people crave and do serious battle with the BMW M3, it’s just a matter of time before we see some derivation of that name pop up in the trademark office.

[Source: my.is, Photo: Unknown Source]