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Rolls and Aston plan new convertibles

ROLLS-ROYCE and Aston Martin have both announced exciting new convertible models, giving workers at the UK-based car makers a welcome boost to their job security. Aston is set to début a new member of the Vantage family, after shoe-horning a V12 engine into an open-top body to create the V12 Vantage S Roadster. It will make its public entrance at the Pebble Beach Auto Week in California, starting on August 14.

VW exec Jacoby reportedly heading to Volvo

Volkswagen of America said it is in talks with CEO Stefan Jacoby, who reportedly has been tapped to run Volvo Car Corp. In the meantime, VW has temporarily named two executives to take over Jacoby's duties, the German automaker said in a statement Thursday. "We are holding contract talks with Stefan Jacoby," the statement said.

U.S. Transportation Department says no defect found in Toyota's electronic throttles

The U.S. Department of Transportation said Tuesday that electric systems and electromagnetic interference did not play a role in unintended acceleration involving Toyota Motor Corp. vehicles.