I was wrong about Lexus entering the horsepower war...
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The new LS460 and LS460L, which go on sale this fall as 2007 models, will be powered by an all-new, 4.6-liter V-8 producing about 380 hp and 370 lb-ft of torque, figures that compare favorably with those of the new Mercedes 5.5-liter V-8. (Although Lexus clearly wants to beat Mercedes in the gear-count game, it has little desire to enter the ridiculous horsepower war currently being waged by the Germans.) Lexus promises that the combination of this engine and the eight-speed automatic will result in a 0-to-60-mph time of less than 5.5 seconds while delivering combined city/highway average fuel economy in the high 20s. The current LS430 has a 4.3-liter V-8 producing only 278 hp and 312 lb-ft, enough for a 0-to-60-mph time of 5.9 seconds.
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http://www.automobilemag.com/auto_sh...0601_lexus_ls/
However, I think I was on the dot with the goal for Lexus becoming the quickest car...
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Press announced that Toyota will release further technical details on the LS460 during the Geneva Motor Show in early March and will unveil a hybrid V-8 version of the car at the New York Auto Show in April. "It's the ultimate Lexus," boasts Press. Toyota officials have been quoted claiming that the hybrid LS, which likely will be badged the LS600h, will offer performance rivaling twelve-cylinder German sedans. Them's fightin' words: Toyota might not be interested in one-upping the Germans in pure horsepower numbers, but it's clearly interested in ultimate performance.
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http://www.automobilemag.com/auto_sh...0601_lexus_ls/
I can't find any solid specifications about the new Lexus LS460 8sp tranny.