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FHA mortgage insurance covers any lender loss after conveyance of title of the property to the U.S. Department of Housing and Urban Development (HUD). FHA mortgage insurance requires two premiums to be paid: the UFMIP (up-mortgage insurance premium) and the MIP (monthly insurance premium).
Key people Tokuo Fukuichi () (CEO) Vince Socco (, Asia Pacific) Alain Uyttenhoven (, EU) Jeffrey Bracken (, U.S.) Products Services Website Lexus ( レクサス, Rekusasu) is the division of the Japanese automaker. The Lexus is marketed in more than 70 countries and territories worldwide and has become Japan's largest-selling make of premium cars. It has ranked among the 10 largest Japanese global in market value. Lexus is headquartered in, Japan. Operational centers are located in, Belgium and the U.S. Lexus originated from a corporate project to develop a new premium sedan, F1, which began in 1983 and culminated in the launch of the in 1989.
Subsequently, the division added,, and models. Ram for imac mid 2010. Lexus did not exist as a brand in its home market until 2005, and all vehicles marketed internationally as Lexus from 1989 to 2005 were released in Japan under the Toyota marque and an equivalent model name.
In 2005, a version of the crossover debuted and additional hybrid models later joined the division's lineup. Lexus launched its own performance division in 2007 with the debut of the sport sedan, followed by the supercar in 2009. Lexus vehicles are largely produced in Japan, with manufacturing centered in the and regions, and in particular at Toyota's,, Chūbu and,, Kyūshū plants. Assembly of the first Lexus built outside the country, the, -produced RX 330, began in 2003. Following a corporate reorganization from 2001 to 2005, Lexus began operation of its own, and manufacturing centers. Since the 2000s, Lexus has increased sales outside its largest market, the United States. The division inaugurated in the in 2005, becoming the first Japanese premium car marque to launch in its.
The brand was introduced in,, and other regions. Contents • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • History [ ] 1980s: The F1 project [ ] The brand was created around the same time as Japanese rivals Nissan and Honda developed their Infiniti and Acura premium brands. The Japanese government imposed for the U.S. Market, so it was more profitable for Japanese automakers to export more expensive cars to the U.S. In 1983, Toyota chairman issued a challenge to build the world's best car. The project, code-named F1 (“Flagship One”) developed the to expand Toyota’s product line in the premium segment.
The F1 project followed the sports car and the premium models. Both the Supra and Mark II were cars with a powerful or inline-six engine. The largest sedan Toyota built at the time was the limited-production, 1960s-vintage, a domestic, hand-built limousine, and V8-powered model, followed by the inline-six-engined premium sedan. The Century was conservatively styled for the Japanese market and along with the Crown not slated for export after a restyle in 1982. The F1 designers targeted their new sedan at international markets and began development on a new V8 engine. Lexus with champagne glasses stacked on the hood of a revving Japanese manufacturers exported more expensive models in the 1980s due to negotiated by the Japanese government and U.S. Trade representatives that restricted mainstream car sales.
In 1986, launched its marque in the U.S., influencing Toyota's plans for a luxury division. The initial Acura model was an export version of the, itself launched in Japan in 1985 as a rival to the Toyota Crown, /. In 1987, unveiled its plans for a premium brand,, and revised its sedan in standard wheelbase form for export as the, which it launched in 1990. Began selling the Luce as the in North America in 1988 and later began plans to develop an upscale marque to be called, but its plans did not come to fruition. Toyota researchers visited the U.S. In May 1985 to conduct and on luxury consumers.
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