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Feds look at Toyota electronics as source of accelerator defects

The U.S. Department of Transportation is looking into whether Toyota Motor Corp.'s problems with unintended acceleration can be traced to defects in the electrical controls rather than just the mechanical problems cited by the automaker, a Transportation official said Tuesday. “We're not finished with Toyota and are continuing to review possible defects and monitor the implementation of the recalls,” Transportation Secretary Ray LaHood said in a statement.

Businessman opens private toll road

THE BUSINESSMAN behind a private toll road by-passing a closed commuter route is confident he will not have to sell his home if the venture fails. Mike Watts, 62, has until Christmas to recoup his £300,000 investment or face losing his house. He is charging motorists £2 per journey to use his bypass made from rolled chippings and avoid the closed section of the A431 between Bath and Bristol.

Secrets of bidders: Is this your year to steal a car at the Arizona auctions?

Each January, enthusiasts flock to Arizona for the most exciting events on the auction calendar. Seven companies--Barrett-Jackson, RM Auctions, Gooding & Co., Russo and Steele, Kruse International, ICA Auctions and Silver Auctions--will duke it out, with more than 3,000 collector cars on the block. But with real estate tanking, the economy in a tailspin, consumer confidence at an all-time low, retail car sales bottoming and automakers begging for loans in Washing-ton, is this any time to buy an old car at auction?