Toyota to offer a $375,000 Lexus sports car

CHIBA, Japan Toyota unveiled a two-seat super sports car for its Lexus luxury brand called LFA, which reaches up to 200 mph but also costs $375,000.

The curvaceous low-sitting white sports car with a 4.8 liter gasoline engine was shown today at the media preview for the Tokyo Motor Show, which opens to the public later this week.

Toyota Motor Corp. President Akio Toyoda told reporters the model is a limited production offering, and only 500 of them will be produced and sold worldwide from December 2010 through December 2012.

Toyoda said Toyota was strengthening its hybrid vehicle lineup and also developing electric vehicles. But he said he also wanted to cater to various "tastes" by offering sports cars with regular gasoline engines that are fun to drive.

The LFA, which will sell for 37.5 million yen in Japan, is being billed as "the ultimate" in sports cars.

"This is what the car should look like," Toyoda said. -- The Associated Press