This is the first skech of Lexus' "premium compact concept" for the Frankfurt Motor Show, which appears to be a hatchback or wagon with the family nose applied to the front. We're fairly sure this isn't a TopGear.com prank.
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Maybe with the current push toward downsizing, a premium hatch could have a market. It has, after all, been a decade and a half since the ill-fated 318ti.