Earlier this year, the American Recovery and Reinvestment Act of 2009 extended the net operating loss (NOL) carryback period from two to five years for tax years beginning in or ending in 2008 for small businesses with gross receipts of $15 million or less.

Racing News: IRL IndyCar signs six-year sponsorship agreement with IZOD; Toyota pulls out of Formula One, Renault may follow; Jessica Zemken to drive Tony Stewart Racing sprint car in selected events next season; and more.

In response to member requests to take advantage of social media and other means to raise consumer awareness of our industry’s products, EnjoyTheDrive.com has been updated and is now live.

The SEMA Show serves as the backdrop for several of SEMA council and committee receptions, allowing members the opportunity to network with peers and honor companies for business excellence and significant contributions.

With 120,000 registrations, nearly 1,500 new product debuts, and even an appearance in Twitter's Top 10, the 2009 SEMA Show demonstrated the industry's spirit and optimism for next year.

Here are just some of the announcements made on Tuesday, November 3, and Wednesday, November 4, during the 2009 SEMA Show.

Every modern company must know how to utilize Internet resources in order to be competitive. Enthusiasts and general consumers alike use online automotive communities—forums and discussion boards—as their shopping guides for price, quality and convenience. “Tips for Maximizing Sales and Marketing...

Drag racing legends, Jay Leno's twin-turbo Camaro and trucks getting big air—all part of the 2009 SEMA Show experience captured in photos.

Team Fel-Pro from Joliet Central High School in Joliet, Illinois, earned $50,000 in scholarships for its victory in the first Hot Rodders of Tomorrow Engine Challenge National Championship at the 2009 SEMA Show.

The 2009 SEMA Show kicked off with the annual New Product Awards Breakfast, featuring X PRIZE Chairman and CEO Dr. Peter H. Diamandis as guest speaker. Click through to see the winners.