SEMA’s Business Technology Committee (BTC) has completed Phase II of its Data Pool Pilot Program, which involves SEMA manufacturers and their warehouse distributor trading partners. The findings confirm that non-standardized and vital missing product data between suppliers and distributors results in lost sales opportunities, ordering delays, excess inventory and expensive order-processing errors.
California Assemblyman Mike Duvall is the new chairman of the State Automotive Enthusiast Leadership Caucus. The Caucus is supported by SEMA. Duvall succeeds New York Assemblyman Bill Reilich who served in that capacity for a two-year term beginning in 2007.
Kia Motors America is hosting a Measuring Session featuring the 2010 Soul.
|Maintain a buzz around your booth by following the tips outlined by ConvExx Chairman Chuck Schwartz.|
|New value packages help exhibitors save money while avoiding any last-minute setup surprises.|
The U.S. Small Business Administration (SBA) has temporarily expanded the size requirements for SBA-backed 7(a) loans in order to help insert more liquidity into the marketplace. The SBA estimates that more than 70,000 small businesses across the country will be eligible for new loans between now and the time the program ends on September 30, 2010, including many auto-sector businesses.
Source Interlink Companies Inc., one of the largest publishers of magazines and online content for enthusiast audiences and a leading distributor of DVDs, CDs, magazines, video games and books announced it has reached a restructured agreement with its lenders to eliminate approximately $1 billion dollars of existing debt and privatize the company. Under the agreement, the company’s lenders will cancel nearly $1 billion of the company’s existing debt and provide approximately $100 million in additional liquidity.
Exhibitors looking to make the most out of their Show-related budgets
are invited to participate in “one-on-one” exhibitor meetings with
experts from Convexx and Freeman.
Thousands of buyers in the automotive industry are already registered to attend the 2009 SEMA Show.
SEMA Continues to Promote Options to Short-Sighted Scrappage Program
Key lawmakers in the U.S. House of Representatives announced a “Cash for Guzzlers” agreement that would pay consumers to scrap cars and trucks that get less than 18 miles per gallon in exchange for a cash voucher to buy a new car. The consumer would receive either $3,500 or $4,500 depending on the fuel economy improvement of the new vehicle. Legislation is expected to be introduced in the near future.