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Campaign to tackle used car faults

A NEW INITIATIVE by the Trading Standards Institute (TSI) to help the public avoid the dangers of buying a used car has been launched. It comes after research by the TSI that shows a half of all used cars show up with a fault within a month of being bought by a new owner. In the past 12 months, the TSI has received 84,000 complaints about used cars.

N.J. decal law upsets teens, parents

A New Jersey law--the first of its kind in the country--requiring drivers younger than 21 to put a small red decal on their license plates has both teens and adults upset, according to a story on the Wall Street Journal Web site. When one mother took her 16-year-old to the Motor Vehicle Commission for a learner's permit, the clerk told her she needed to buy red decals for her daughter. "When hell freezes over, I'll buy those stickers," she told the Journal.

Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.