Lexus Division is a premium brand of the cars produced by the Japanese Toyota Motor Corporation. It was originally provided for the US market, the brand cars are now are sold in more than 70 countries around the world . The official date of birth of a new based at production of luxury class vehicles is considered August 1983. At a secret meeting of the Board of Directors of the corporation Toyota her head Eiji Toyoda has announced his decision that the corporation is to create a luxury car, and it will be better than the products of leading automakers. Origin of the name Lexus is often attributed to a combination of the words «luxury» and «elegance». According to another theory, Lexus is an acronym for the phrase «luxury exports to U.S.». However, Team One claimed that the Lexus brand name has no special meaning, and that the word Lexus just beautifully conveys the image of luxury and technology.