On June 28, 2007, the Supreme Court decided to shift the playing field and overrule 100 years of legal precedent banning agreements between manufacturers and their resellers to set the minimum price charged by the resellers to their customers. The decision of the Court was very close—5 to 4—and the opinion makes clear that setting a minimum resale price is not now automatically legal.
The following are the 2007 SEMA Board of Directors election results.
- Rick Rollins, Superchips, Inc.
The SEMA Ambassador Program for 2007 is in full swing. SEMA Ambassadors are current members of the association who actively seek to recruit new members, thus fortifying support for the industry and helping to grow the force of the SEMA membership.
Below is this week’s list of SEMA Show 2007 exhibitors offering products to project-vehicle builders for free or at a discounted rate. To see previous submissions, click here.
Toyota recently released details of its new Valvematic variable-valve timing technology for improving the efficiency and performance of its gasoline internal-combustion engines, according to a recent WardsAuto.com article. In addition to employing elements of its existing VVT-i (Variable Valve Timing-intelligent) technology, Valvematic uses a new mechanism to control the volume of air entering the engine by precisely metering the opening/closing of the intake valves.
Google and Pacific Gas and Electric (PG&E), the utility serving Northern California, recently displayed its six Toyota Prius and Ford Escape hybrids that partly run on electricity provided by the power grid in order to achieve up to 75 mpg, according to a recent article by The New York Times. One of these vehicles was also modified to give back power to the power company while the vehicle is not in use.
Dealerships around the nation are receiving a growing number of Alternative Fuel Automobiles (AFA), claims a survey by R.L. Polk & Co. The continual rise in these vehicle configurations might signal a widespread acceptance of hybrids, diesels and other forms of energy.
Small-business owners showed neither excitement nor anxiety over the state of the economy in May, according to the National Federation of Independent Business (NFIB). Their outlook, as measured by the NFIB Small Business Optimism Index, edged up four-tenths of a point from April to 97.2 (1986=100). The good news is that the NFIB says that there is no recession signal—its Index has been consistent in anticipating the approach of recessions throughout the organization's 34-year history.
June North American output will be unimpressive but give way to a major rebound in July, according to a recent WardsAuto.com article. June will finish with an estimated production of 1,425,251 cars and trucks, falling 6.3% short of 1,521,101 units last year. That means second-quarter 2007 will wrap up with a total production of 4,162,319 vehicles, which is a decline of 2.6% from last year's 4,274,339. First-half 2007 should finish near 8,099,673 vehicles, down 5.4% from the 8,561,519 built during the second half of 2006.