Toyota Motor Corp.'s Lexus division issues a challenge to BMW AG with the release of its '01 IS 300 compact sports sedan. Lexus officials say the new vehicle is a direct competitor to the BMW 3-series, and many features of the IS 300, from dimensions to engine block, mirror the 328i. The rear-drive sports sedan is powered by an all-new 3.0L inline 6-cyl., similar in design, character and output to the 2.8L inline six that powers the BMW 3-series. The powerplant, which puts out 215 hp at ...

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