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The Lexus IS 300 debuts at $30,500 in a single trim outfitted with a high content of standard equipment and only a few options. Best-in-class power up to 215 horsepower flows readily from a 3.0-liter inline six-cylinder engine that links to a five-speed automatic transmission with auto-manual shifting from toggles on the steering wheel. By the end of the first production year, Lexus will also have a five-speed manual transmission.