Report: No new Supra; IS convertible delayed; New SC in 2008?

There will not be a new Toyota Supra, according to trade publication Automotive News. "All the rumors of the two-passenger sports car's return are false," a new report says. Instead, it looks like the Lexus LF-A will be Toyota's only supercar (pictured). The publication also said Toyota has delayed the launch of the Lexus IS convertible, because there were concerns over its competitiveness. Originally slated to debut alongside the IS coupe, the cabriolet may now be delayed until 2008. Lastly, the report indicates a successor to the Lexus SC 430 will arrive in 2008, using the IS/GS platform and a 4.6-liter V8. It will apparently feature "proportions and stance similar to those of a BMW 6 series."