TROUBLED TIMES: Two-time Indianapolis 500 winner Helio Castroneves pleaded not guilty to charges of tax evasion and fraud, which the federal government brought against Castroneves and his sister Katiucia last week. Castroneves was freed on a $10 million bond but cannot leave the country. HE’S OUT...

NEWS NUGGETS

Pirelli Tires recently announced a $15 million investment to boost its manufacturing capacity by 20% at its Modular Integrated Robotized System (MIRS) factory in Rome, Georgia. The factory produces high-performance tires for the North American market, and the investment will increase the number of...

Click on the logo to visit SPC's website.Find Out Where The Youth Market is HeadedYou are invited to attend SEMA’s Street Performance Council Youth Focus Panel during the Formula Drift Final Fight Event.

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Even in the sour state of the 2008 economy, the merger and acquisition environment holds promise for visionary specialty-equipment companies bold enough to explore its opportunities. Equity fund investment groups, flush with cash from retiring baby boomers looking for sound investments, are ready to...

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Dates and locations for several upcoming SEMA-sponsored shows and activities have been announced. Details are: SEMA SPC Youth Focus Panel, October 11, 2008 3:00 p.m., Irwindale Speedway, Irwindale, California

There is no doubt that consumers are buying fewer new vehicles due to economic concerns, high gas prices and the increased difficulty of securing financing. Throughout 2008, the number of consumers who have entered new-vehicle dealerships has been on the decline, according to data obtained from CNW...

The Association of European Vehicle Manufacturers (ACEA) is calling for European policymakers to implement a European-wide scrappage program to include incentives for owners who trade in cars at least eight years old. The association of 15 European automakers—which includes the European operations...