Lexus Hatchback in the US by 2012

Last week, Lexus revealed the company's latest contraption, the Premium Compact as the Japanese manufacturer named it, which is going to star at the Frankfurt Auto Show next month. Rumors have already indicated that a possible European launch is to take place in mid-2010 but it appears that Lexus is going to launch the hatchback in the United States as well. However, this won't happen sooner than 2012, sources familiar with the matter told Autonews.

The car would compete against Audi A3, Volvo C30, BMW 1 Series and even against other models to be released by Cadillac and Lincoln.

As for the future Lexus, there are only a few details available at this time, but earlier reports hinted that the Compact will be an entry level model for Lexus, with a hybrid version likely to follow the gasoline-powered model to be released next year. In case the Japanese manufacturer would debut a hybrid flavor, it will most likely feature the same powertrain as the HS 250h, namely a 2.4l four-cylinder Atkinson gasoline engine developing 147 hp, paired with a 40 hp electric motor.

Voices familiar with the development said that the new hatchback will use a front-wheel drive Toyota Corolla chassis and will incorporate some of the technologies featured on the Auris. However, the full list of specifications is expected next month at the Frankfurt Auto Show.

"This image is the first official sketch of the new Lexus Concept, which will demonstrate a mix of technical innovation and ground-breaking design. The new concept is targeted for the premium compact segment," Lexus said in a release last week when rolling out the first teaser photo revealing the upcoming model.