Lexus IS is a five door hatch back compact executive car which was manufactured by Toyota in 1998. It was being produced in three generations. First generation was introduced in 1998. Second generation was launched in 2005. Third generation was available in 2013. This car was designed by Kengo Matsumoto. It has front engine with rear wheel drive layout. It was based on Toyota N platform. This car has 6 speed manual with automatic transmissions. This vehicle is also known as Toyota Altet. It was assembled in Japan.