Holley Performance Products has announced its emergence from bankruptcy proceedings, effective March 28. The company has also secured a five-year, $65 million credit facility with Wells Fargo Foothill which, in conjunction with the company's new capital structure, will allow Holley to pursue its long-term growth objectives.
"We now have a solid capital structure in place that fully supports the company’s operations and provides for additional investment that will allow our business to realize its full potential," said Holley Performance Products CFO Thomas W. Tomlinson. "This is a big win for Holley. Holley’s fast-track restructuring was accomplished with no disruption to our business. We would like to thank our customers, employees, and vendors for their support during our brief pit stop in Chapter 11."
"Speed Racer" actors Matthew Fox, Emile Hirsch, John Goodman, Christina Ricci and Susan Sarandon stopped by the Yokohama paddock at the Toyota Long Beach Grand Prix for a photo session with drivers Gerardo Bonilla and Ben Devlin and the Yokohama- and BP-sponsored Mazda LMP2 racecar.
Yokohama Tire is promoting its relationship with Warner Bros. Pictures' upcoming live-action family film. Yokohama's ADVAN® tires were named the official tire of the movie and Mach 5 racecar earlier this year. The latest film by the Wachowski brothers and producer Joel Silver, creators of The Matrix trilogy, Speed Racer will open in theaters and IMAX across North America on May 9.
"Speed Racer" actors stopped by the Yokohama paddock at the Toyota Long Beach Grand Prix.
KICKER employees spent April 16 with captain Phil Harris of the Discovery Channel television series "Deadliest Catch.” KICKER recently hooked up Harris and the crew of the fishing vessel Cornelia Marie, one of the four ships featured in the hit show, with some serious sound. Harris stopped in for a short visit to see the facilities, check out some of the operating procedures, and sign a few autographs.
“I would keep the film crew of the Discovery Channel awake sometimes at night cranking up our system,” Harris said. KICKER and Harris have future partnership plans beyond the boat installation, with talks of putting systems in his personal vehicles and his Harley-Davidson. Harris will also be signing autographs in the KICKER booth at the Monster Energy AMA Supercross Finals, May 3, in Las Vegas.
Phil Harris of "Deadliest Catch."
Toyota Speedway at Irwindale announced that it will expand the schedule of its Thursday night Test and Tune drag racing program to include an additional four dates (all on Sunday): May 25, June 29, July 27 and August 24. The Speedway’s Test and Tune program is held on its one-eighth mile street legal drag strip allowing individuals with a valid drivers license the opportunity to race their cars, trucks, motorcycles, hot rods and junior dragsters.
Gates will open at 9 a.m. for the Sunday sessions with technical inspection beginning at 10 a.m. Competition will take place from 11 a.m.– 4 p.m. The Thursday sessions are held weekly except during the Thanksgiving, Christmas and New Years Day holidays. Gates and technical inspection open at 4 p.m. with racing from 5–10 p.m. The cost to compete is $20.00 and $10.00 to watch with children five years of age and under admitted for free. Test and Tune program information including competition requirements can be obtained on the Speedway web site at www.toyotaspeedwayatirwindale.com.
Pioneer Electronics (USA) Inc. announced that Sound Sensations is the winner of the 2008 Pioneer Sound Build-Off competition for having built the best sound quality vehicle. More than 20 vehicles from Pioneer’s nationwide Premier dealer base participated in this elite invitation-only event. Each vehicle, equipped with a highly customized Premier audio system, was thoroughly evaluated by certified International Auto Sound Challenge Association (IASCA) judges for their realistic sound quality and creative installation.
After a rigorous day of judging, the 1999 Mercedes CLK by Sound Sensations was declared the champion and awarded a $10,000 check plus a four-foot tall Pioneer Sound Build-Off trophy. The Cartronics FJ Cruiser took second place, followed by the 2007 Honda Element by The Specialists in third.
Sound Sensations, the winner of the 2008 Pioneer Sound Build-Off competition.
Woodhouse Performance announced that Trans-Am and SPEED World Challenge veterans Tommy Archer and Claudio Burtin will drive together for the balance of the 2008 SPEED World Challenge season. Driving the No. 13 Foametix/Dodge Viper Competition Coupe, the duo will join forces with teammate Jeff Courtney in the No. 99 KENDA/MPI-Coin Viper to create a two-car team assault for the SCCA SPEED GT Manufacturers’ Championship Presented by RACER.
With two decades of experience in motorsports, Georgia-native Burtin is joining the team with a reputation as one of the sport’s most versatile drivers. Having driven a number of different high-horsepower vehicles from Ford Mustangs to Chevrolet Corvettes in the SCCA Trans-Am series, to most recently competing in a Porsche 997 GT3 Cup car in the 2008 Rolex 24 at Daytona, Burtin is known for his ability to consistently and patiently get any vehicle up to pace.
Driving the remaining races in the No. 13 will be series legend Tommy Archer. As the 2004 SCCA SPEED GT Champion, Archer brings a wealth of experience in different vehicles to the table, and most notably joins the team as perhaps the most well known Dodge Viper driver in the series.
The No. 13 Foametix/Dodge Viper Competition Coupe.