Lexus, Toyota’s luxury car brand, was created in the late 1980s. Is Lexus owned by Toyota? Yes! Here’s how the luxury brand came to be. In the early 1980s, Toyota realized its vehicles were not well-regarded in the luxury car market. At the time, it had been making well-received compact and midsize cars such as the Toyota Corolla and Toyota Celica, but was having a hard time … [Read more...]