When it hits showrooms...

When it hits showrooms, the CC will rival Volvo"s all-new C70 and the forthcoming BMW 3-Series Convertible. Like the Swedish and German models, the Japanese car will feature a clever three-piece folding set-up when it arrives in summer.

However, there"s more than the CC on the way from Lexus. Toyota"s luxury arm is clearly targeting its European rivals by developing a sporty coupé version of the IS, too. Featuring more pronounced rear haunches, the two-door will have a much more aggressive stance than the model it"s based on, but feature the same distinctive face as the standard four-door car.

According to company insiders, Lexus is also working on the storming 4.0-litre V10 engine to ensure top-end IS models go as well as they look. With 400bhp, it would rival Audi"s RS4 and the new BMW M3. It could be offered in both saloon and coupé bodystyles.