03/28/2008 02:45 am ET Updated May 25, 2011

Toyota Debuts Fastest Lexus Ever

Toyota chose a swerving Formula One racing course to show its new luxury Lexus sportscar Thursday, to make sure reporters got the message the new IS F model is about revved up engine muscle and the thrill of nimble handling.

Toyota (TM) is planning to sell 7,000 Lexus IS F cars globally a year, about 5,000 or 6,000 in the U.S., 500 in Japan and the rest in Europe.

The $67,000 sportscar, which can hit speeds of 186 mph, rolls out Dec. 25 in Japan, and in February or March in the U.S., Toyota executive Takeshi Yoshida said. The car's official website pronounces it the "fastest Lexus ever."