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SEMA Members Lead With Innovation—Katech Member Visit

Detroit has long been regarded as the car production capital of the world. The historic metropolis is nicknamed “Motor City” for a reason. It's the place where Chrysler, Ford Motor Company and General Motors established an industrial epicenter and where they are still headquartered to this day. Recently, however, the news coming out of Detroit has been more a continual flow of doom and gloom.

SEMA Manufacturers and WDs Complete Second Phase of Data Synchronization Project

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.

Too Big to Get a Small-Business Loan? Think Again…

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. Goes Private

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.

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