My 1985 300 TDT started making that burnt electrical smell this afternoon. The alternater idiot light also came on. I stopped for a few minutes, restarted, and drove home and the light never came on. There is still a slight smell, so something is deffinately wrong. I would like to attempt to fix this myself. Does this sound like the voltage regulater is gone?

Also, for a few months before this, the alt and brake idiot light would stay on after I stared the car at low idle until the engine revved up a bit.

Thanks

Peter