NEWPORT BEACH, CA – Small may be the future for Toyota Motor Corp.’s Lexus, the luxury brand that made its mark in the U.S. 20 years ago with the LS large sedan. While Lexus still was the top-selling premium brand in the U.S. through May, offering a suite of models – from midsize sedans to large SUVs – it continues to lag European and Japanese competitors in small-model offerings. “You have small cars like the BMW 1-Series, and you have a small Audi (A3) and a small Volvo (C30),” Mark ...

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