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AUTO SALES: GM, Ford, Honda, Toyota drag industry to 36% decline

General Motors, Ford Motor Co., American Honda and Toyota Motor Sales U.S.A. all reported sales declines of more than 31 percent in December as the U.S. auto industry capped its worst year since 1992.

Councils urged to shun yellow lines

COUNCILS are being asked to cut unsightly yellow lines as part of a Government drive to rid the streets of clutter. Local Transport Minister Norman Baker has urged local authorities to think about using restricted parking zones, instead of automatically opting to use yellow lines to control parking, particularly in single streets and environmentally-sensitive areas in towns and cities. Restricted parking zones require a limited number of signs which tell motorists if they can or can not park and during which times and are considered less intrusive than conventional yellow lines.

Special Ford Mustang honors Iacocca's pony car

Nearly 20 years after Lee Iacocca retired--and 45 years after he helped launch America's first pony car--the former Ford and Chrysler exec is attaching his visage to this: the Iacocca Silver 45th Anniversary Edition Ford Mustang. Planned for a limited run of only 45 units, the "I" edition features 5 hp more than stock from the Ford 4.6-liter V8; a 400-hp supercharged version is optional. Ford Racing suspension is standard, while 14-inch Ford Racing brakes are optional.