Filler for eNews
Filler for eNews
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.
BREAKTHROUGH: “Finally,” said IndyCar Series driver Danica Patrick after earning her first IndyCar victory in the Indy Japan 300 at the Twin Ring Motegi. Patrick became the first female driver to win in the series. Meanwhile, it was a big weekend for lady racers, as Simona De Silvestro won the Atlantic Championship round at the Toyota Grand Prix of Long Beach and Jamie Little topped the Toyota Pro/Celebrity race.
SEMA again helped defeat Maryland legislation requiring the development of a statewide program to mandate that replacement tires for passenger cars meet fuel efficiency standards. The replacement tire efficiency program was anti-consumer, anti-small business, and would have required a substantial appropriation. This year’s version of the bill also included a credit against the excise tax for specified fuel-efficient vehicles.
SEMA-supported legislation to exempt street rods from the state’s regular safety inspections was approved by the Delaware State Legislature. Under an agreement reached with state regulators, the registration and titling process will be changed administratively to allow street rods to be assigned a registration and titling designation bearing the same model year that the body of the vehicle resembles. The bill next moves to the governor for his signature and enactment into law.
Attention manufacturers: SEMA set up a Measuring Session with Saturn for the automaker's 2008 Astra. SEMA Measuring Sessions provide members private access to new-vehicle releases. Through the sessions, manufacturers can attain first-hand measurements, take photos and interact with vehicle designers and OEM staff. For more information, contact Bill Wolf at email@example.com or visit www.sema.org/oem.
The truck known around the Internet as the Ford F-150 Raptor is unofficially official. Spy photographer Brenda Priddy tells us that sources attending Ford's recent 2008 dealer preview in Las Vegas viewed a video of a Raptor mule bombing across the desert at high speed. Ford execs are calling the Raptor the first and only Baja 1000 Trophy Truck available from a dealer.