According to Auto Express, the higher-mpg Lexus will reprise the original GS' badge, albeit with an "h" attached to denote the new powertrain: GS 300h.
That would put the GS 300h well ahead of the more powerful, V6/hybrid-powered GS 450h, which is rated at 29/34 mpg, or 31 mpg combined.
While the lower-powered GS 300h might sound like a weak offering in North America, it could help Lexus become much more competitive in Europe. Squaring off against cars like the similarly-powerful BMW 520d EfficientDynamics and Audi A6 2.0 TDI, a GS 300h would offer substantially reduced emissions that would make it subject to far lower taxes in most of Western Europe. For the corporate fleets that buy substantial numbers of midsize premium sedans in Europe, that could give the GS 300h a significant upper hand.
Auto Express suggests that the GS 300h will be announced at September's Paris Motor Show.