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I don't know what could be wrong (Electronics is not really my strong spot) but burning wires indicates a short somewhere (Or the alternator overcharging), and trying to find it will be really frustrating.
I would pull the alternator and have it tested as a start. Inspect ALL the wires from the alternator back - any breaks in the insulation is bad and must be replaced/patched (Shrink tubing is a good wire repair material).
I don't know about the early '90's models, but if the Speedo is still cable driven (Which I suspect), your problem could simply be that the cable is broken. Brake leaks should be easy to find and replace.
Getting even a Chilton manual will help you fix the small stuff, and I recommend getting one.
Last edited by Puffie40; 07-31-2009 at 12:47 AM.
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