The GS 300 had been positioned as a "luxury performance" sedan. Its swoopy styling (by Giorgetto Giugiaro's ItalDesign firm in Italy) set it apart from the rather conservative styling of the other Lexus sedans. Toyota further toyed with the design to make it their own. Lexus called the flowing shape "one-stroke form."
It had a basic inline 225-horsepower 6-cylinder dohc 24-valve engine as the SC 300 coupe and an all-independently sprung rear-drive chassis based on the LS 400. The engine featured Toyota's Acoustic Control Induction System, which varied the effective length of the intake manifold according to the engine speed and throttle opening and results in improved torque output throughout the engine's speed range.
An electronically controlled 4-speed automatic was the only available transmission. Speed-sensitive power steering and ABS with 4-wheel discs, power seats, windows, locks, a power tilt/telescope steering wheel, and a 225-watt stereo were also standard.
The transmission was upgraded to 5-speed automatic.
Along with being redesigned, the Lexus GS also now had two different engine sizes: GS 300 with 225 horsepower, and GS 400 with 300 horsepower and a 4.0-liter V8. The GS 400 was in production until 2000.
As of December 27, 1993:
- $41,100 (1994 Lexus GS 300)
As of September 2, 1994:
- $42,700 (1995 Lexus GS 300)
As of February 24, 1995:
- $43,600 (1995 Lexus GS 300)
As of July 28, 1995:
- $44,300 (1995 Lexus GS 300)
As of September 1, 1995:
- $45,700 (1996 Lexus GS 300)