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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.

May sales slide 4 percent on rising fuel prices, tight vehicle supplies

U.S. light vehicle sales dropped 4 percent in May--the first decline since August--as rising gas prices, inventory shortages, higher stickers and economic jitters curbed demand. The pace of sales last month--11.78 million units on an annualized basis--was the year's lowest and marked the first seasonally adjusted total below 12 million units in seven months.

VW to cover maintenance costs for sludge-damaged engines

Volkswagen AG has agreed to pay maintenance costs under a proposed settlement in a class-action lawsuit over sludge-damaged engines in 479,768 VW and Audi models. Judge Joseph Tauro of the U.S. District Court in Boston gave conditional approval of the settlement last week.