LexusLexusJapan, 1989 > present26 models
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released a gallery of images of the new, third generation ISLexus IS F SportJapan, 2013 > present16 photos
before the North American International Auto Show, but since revealing the car, it has revealed the mechanical details about the car. The latest generation will get three engine options, but only two of those will come to North America at least for now. 

The third generation is available as the IS 250, IS 350 and IS 300h. The IS 250 and IS 350 use carry over engines from the last generation with 204hp and 306hp respectively from their 2.5-liter and 3.5-liter V6 engine. Both are available with either rear- or all-wheel drive. The final engine option will be a hybrid 2.5-liter Atkinson cycle engine, but Lexus says that it will only be available in Europe, Japan and a few other markets. Lexus is not offering it in the US because it already have the CT 200hLexus CTJapan, 2010 > present21 versions
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and ES 300hLexus ES 300h HybridJapan, 2013 > present3 photos
. Europe gets it because there is no diesel model. 

All cars get a multi-mode transmission with Eco, Normal, Sport and Sport S+ only on the IS 350 modes. The IS 350 also gets an eight-speed automatic. The transmission has a G-force sensor that automatically switches to a sportier shift mode when it senses high G loads. 

For buyers who want a sportier car, all of the engines will be available in the F Sport trim package that tunes the suspension and power steering to be sportier. These cars also get functional front brake cooling ducts and 18in wheels. Inside, buyers get an instrument panel inspired by the LFALexus LFA Gen.0Japan, 2012 > present4 versions
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and some aluminum trim. 

All cars get a new rear suspension borrowed from the latest GSLexus GS Gen.4Japan, 2012 > present19 versions
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and a revised double wishbone front suspension. The power steering system also comes from the GS.

Sales in North America will start in the middle of 2013.