Europeans will get another premium compact car not bound for U.S. shores and this time it comes courtesy of Lexus. The automaker is targeting the BMW 1 Series and Audi A3, vehicles that its rivals have offered in the United States market. Lexus, though, only plans the vehicle for markets outside the U.S. where sales of smaller cars outpace their larger siblings. Apparently, Lexus has set a goal to sell 150,000 vehicles in Europe by 2015 and believes the new model is necessary to meet that number. At this point, we have no idea what platform the compact car would be based on, but Toyota certainly has a number of options, most notably the Auris, which is offered in the European market in hatchback form.

Lexus is gearing up for a big showing at SEMA. In addition to bringing four tuned IS Fs, including one from our friends at 0-60 magazine and another from Fox Marketing/Artisan Performance, long-time Toyota collaborator, Five Axis, will be debuting a heavily reworked GS 460 in Vegas.

Click above for high-res gallery of the Lexus IS 250 Sports Concept

At the ongoing Australian International Motor Show in Sydney, the same show where Australian sportscar-maker Elfin took the wraps off its new Type 5 Clubman, Lexus unveiled a new version of its IS 250 sports sedan called the Sports Concept.

This could be Japanese-only news, or just a case of bad translation, but Toyota Managing Officer Toshio Furutani has apparently told Japan's Nikkei Business News that Toyota wants every vehicle in the Lexus product line to offer a hybrid option, and that "in the medium to long term, Toyota was considering making the Lexus lineup hybrid-only."

Lexus has chopped off two doors and the roof from the IS250 to create the IS250C, due to arrive in Europe in the summer of 2009, and the U.S. shortly thereafter.

At last year's Targa Newfoundland, driver Mark Lachapelle brought his Lexus GS 450h -- yeah, that's a hybrid -- home 18th overall, and sixth in his division. This year he'll return to the 2,200-kilometer race which runs over six days through the central and eastern part of the island.

The 339 hp Lexus is the only one of last year's hybrid contestants to return, and is kitted for duty with just a safety cage, performance exhaust and upgraded shock absorbers. Slotted into the modern division, this year's race will pit the Japanese hybrid against big bore Americana: among other competitors, Ralph Gilles and Karen Wagner are scheduled to drive a Dodge Challenger SRT in the same class.

Lexus has some changes in store for most of its model lineup in 2009, though there doesn't appear to be anything in store for enthusiast drivers to rejoice over. Also cause for jeers instead of cheers: price increases from .8 to 1.1 percent, depending on model. The IS 250 and 350 do get revised suspension and steering tuning to go with exterior styling tweaks and the revised interior carries a new center cluster and an off switch for the VDIM stability control. The IS F über-IS also gets a new interior rendered in terra cotta and black that's termed "sporty."

Click above for a high-res gallery of the Fox/Artisan Lexus IS-F.

The 2009 Lexus IS-F is slated to get some serious attention at SEMA, and Fox Marketing and Artisan are out to prove that show and go aren't mutually exclusive.

The plan is to create an IS-F that has the power to match its presence, and to that end, Artisan developed a twin-turbo setup that huffs compressed oxygen into a 5.0-liter V8 equipped with JE pistons and Crower rods. With a Mishimoto radiator, an Artisan exhaust, a healthy amount of boost and a thorough tune, Artisan is estimating over 600 hp at the rear wheels.

Click above for a high-res gallery of the Lexus LF-A concept.

The writing has been on the wall for some time. Although the Lexus flagship graduated from "concept" to "prototype" when it campaigned in the 24 Hours of Nurburgring, Toyota has refused to even hint at a production date for the V10 supercar. Then Toyota declined to plonk an LF-A silhouette on their Super GT racer, electing to continue with the doomed SC 430 jello mold.