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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.

GM shelves Camaro convertible, Z28

General Motors has delayed indefinitely the Chevrolet Camaro convertible and Z28 high-performance variant to save cash, sources say. GM also has tabled plans to add a four-cylinder engine version of the Camaro. GM is starting to ship the Camaro to dealers this week.

Porsche – the boss goes

Porsche boss Wendelin Wiedeking quits Well, Wendelin Wiedeking is not just any old suit, but the man credited with taking Porsche from an ailing, one-model car maker to the cash-cow it became. But Wendelin has become a victim of his own success – and the current economic woes. At any other time in the last decade, Wendelin’s plans to swallow VW would have worked.