Lexus is reviewing its entire U.S. vehicle lineup, according to a Automotive News interview with Toyota North America CEO Jim Lentz:
“We are taking a hard look at all of the segments that we compete in to make sure we are competing in profitable segments and that products we sell have strategic value,” Jim Lentz, the company’s North America CEO, said here after the automaker reported a rise in quarterly profits Tuesday.
Toyota joins automakers including Ford Motor Co. and Fiat Chrysler Automobiles in rethinking product portfolios in a market that is becoming increasingly dominated by light trucks. Lentz said his company will not abandon passenger cars but it is scrutinizing offerings in some areas, such as convertibles or coupes.
The sentiment behind this statement is unsurprising, given that Lexus has already discontinued the CT hatchback in North America and the GS sedan is living on borrowed time — case in point, the hybrid GS 450h has been removed completely from the Lexus USA website.
That said, the call to reconsider coupes comes at a strange time, given the flagship LC coupe has great strategic value for Lexus and the RC coupe has just been refreshed. Even more strange, however, is the mention of convertibles — neither Lexus nor Toyota currently offer a drop-top model. Could this mean the long-awaited LC convertible is in danger of cancellation?