Thing is, for years, Toyota has been regarded as a luxury brand (or at least a BMW Audi equivelant) in Japan anyhow...
With platform sharing and group ownerships, you can say it about a lot of cars:
Audi - "Nice Skoda"
Jaguar - "Nice Tata" (formerly "nice Ford") - I think Tata are also the makers of the world's cheapest car?
Range Rover - "Nice Tata" (also)
Infiniti - "Nice Nissan"
Accura - "Nice Honda"
Doesn't work on Saab any more tho': "Nice GM" was funny, but "nice Konigsegg" - hmm, I'd be jealous of that!