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Bus service cuts 'at critical level'

CUTS TO bus services are now reaching "critical levels", according to a report by the Campaign for Better Transport (CBT). As many as 47% of local authorities in England and Wales have reduced their support for buses for 2013, while the 2014/15 financial year is likely to be a difficult one for bus services, said CBT. Three councils have stopped supporting services and others might follow, warned the CBT, whose report is entitled Buses In Crisis and is based on responses to Freedom of Information Act requests made to all local transport authorities regarding supported buses.

Some secured lenders object to quick sale of Chrysler

A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A. The group of about 40 banks and hedge funds holds about $3 billion of the $6.9 billion in secured loans that Chrysler has with the banks. Four major New York banks holding $4 billion of that debt agreed last week to settle for $2 billion in payment for the $6.9 billion owed.

Racing granny wished for more speed

A 102-year-old woman said she was disappointed racing great Mario Andretti could not go faster than 180mph during their laps around a speedway track in Indianapolis. Edith Pittenger, of Muncie, said she had a great time riding with Andretti in a two-seat race car. "He said 180 is the maximum," she told the Star Press.