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U.S. will honor clunker rebates until Senate acts, DOT chief says

The Obama administration will fund the cash for clunkers program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today. He said the administration would honor dealer rebate applications filed at least through Tuesday, Aug.

Toyota GT86 Convertible spied in South Africa

Ahead of a reveal of a concept version of the Toyota GT86 Convertible at the Geneva Motor Show, the soft-top GT86 has been spied Almost a year ago we learned that a Toyota GT86 Convertible was in the planning after Toyota’s chief engineer, Tetsuya Tada, revealed that the GT86 (and therefore the Scion FR-S and Subaru BRZ) were designed to be a convertible from the start. Shortly after that revelation, we saw the first glimpse of a future GT86 Convertible in the shape of the Scion FR-S Speedster at the Toyota Grand Prix of Long Beach, an officially sanctioned speedster version of the GT86 created by Iacona Design and Cartel Customs. Most recently, Toyota revealed that they are taking the  the FT-86 Open Concept to next month’s Geneva Motor Show, a car that looks to preview an almost production-ready GT86 Convertible, which could arrive in production guise before the end of 2013.

Toyota's Lentz to say electronics not to blame for acceleration problems

Toyota Motor Sales U.S.A. President James Lentz plans to stick to his guns and tell skeptical lawmakers Tuesday that the company's unwanted acceleration problems do not stem from electronic defects, a copy of his testimony shows. Lentz's reiteration of Toyota's longstanding position suggests that top company executives were unmoved by sharp criticism of that stance Monday by House Energy and Commerce Committee Chairman Henry Waxman.