Here it is, the page from Mag-X:
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Any translation would be appreciated -- I can also post it up at a higher resolution if necessary.
EDIT: I now realize the full page spread was unnecessary. Here is just the GS page:
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Sorry for being late but here is the (mostly) direct translation of the Mag-X on the “development freeze” of the next gen GS. ( ) is my addition.
“In the summer of 2015, Toyota decided to suspend the development of the S-FR which had been in development as a cheaper version of the 86. Although the concept model of the S-FR was displayed at the Tokyo Motor Show (in October) because the exhibition of which was decided well before the development discontinuance, it must have been tough for the Toyota engineers to see the vehicle on stage whose development had actually been stopped. But the project of the S-FR was rearranged and now TMC plans to restart the development of the S-FR targeting the launch in around 2020, once they successfully enter the WRC (World Rally Championship) with the S-FR.
And this time again we have the news about the development freeze of the vehicle of TMC. Our scoop department found out that TMC decided to suspend the development of the next generation Lexus GS.
Lexus will soon be launching the new generation common rear wheel drive platform (GA-L) to the market with the LC, and considering that this new platform will be shared with other forthcoming rear wheel drive vehicles, which TMC hopes will save the R&D cost of future products, canceling the introduction of the GS rear wheel drive sedan is not a good idea for TMC because it will slow the pace of depreciation (of the development cost of GA-L?). But after the close consideration/examination of its image and positioning in the lineup, TMC came to a conclusion that the GS doesn’t/won’t play a desired role in the lineup.
In fact, it is the next generation LS that caused TMC to make this decision. As we have reported, next gen LS has its engine down-sized; the V8 engine to the V6 engine. This means that both the LS and the GS have V6 engine, which causes product overlap in the Lexus’ own lineup. So TMC decided to kick the GS out of the lineup and to fulfill the demand of the customer looking for a large sedan with the LS alone.
When turning to the whole Lexus lineup, all new UX crossover is waiting its debut, so it is possible that they are now sorting out its lineup (in order to concentrate its resources on the new model). We also hear the rumor that TMS is trying to figure out whether it is possible to produce another all new model in exchange for the GS, so there is some chance that they will bring the new vehicle which has a completely new approach/concept.
The next generation GS were planned to debut in 2018, so at least Lexus won’t drop the existing model until 2018. It’s possible that Lexus will extend its model cycle, but it is now unlikely that we will see the next generation GS.”