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Yes we are covering every little bit of news on the Lexus LF-A, not only because it looks good, but because the LF-A, along with the new Nissan GT-R will mark the beginning of the ultimate Japanese assault on European supercars.

Auto Express reports Toyota officials in Tokyo admitted what most already assumed, the LF-A will be powered by a V10 engine, using technology from Toyota’s Formula 1 cars. Reports say the LF-A will have more than 360kW of power with a top speed of nearly 300km/hr.

Porsche fans can rest easy, the LF-A will still be utilizing a traditional front-engine, rear-wheel-drive setup. Although Lexus promises the LF-A to be the epitome of weight balance and handling.

Lexus LF-A

Lexus is hoping to take on the world with the LF-A. With the introduction of the new F series to take on the everyday european performance cars (BMW M3, Audi RS4) only 12 months away, the LF-A has much higher aims, pointing the finger at the Mercedes SL65 AMG, Porsche 911 Turbo, Ferrari F430 and the Aston Martin DB9.

 Lexus LF-A Rear

Given Lexus has achieved the ultimate Luxury status alongside BMW and Mercedes, will the LF-A put Lexus alongside the Europeans for supercar status? What do you think?

You can find a video of the Lexus LF-A here.