Just last week, Tokuichi Uranishi, a Toyota executive vice president, told German car magazine Auto Motor und Sport, that Lexus is interested in developing a compact hatch. “We can foresee a competitor to the BMW 1-Series” said Uranishi. This year, Lexus expects to sell around 55,000 units in Europe but its targeting annual sales of 150,000 units by 2015 and the addition of a lower priced (than
