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SEMA ups scholarship money for car-crazed college kids

The Specialty Equipment Market Association, better known to most of us as SEMA, has announced a hefty boost to its SEMA Memorial Scholarship Fund for 2013: The top student selected now gets $1,000 more for a total of $5,000 toward an automotive-related college education. Other eligible participants in four-year programs get $3,000—last year, they only received $2,000—and two-year students get their funds doubled to $2,000. In the Buckeye State, one lucky student at the Ohio Technical College will get complete tuition coverage, which is a cool $29,400.

Get ready for the New GM

Unless there is some sort of major, unforeseen hiccup, the sale of General Motors' assets--creating a new company--is expected to close Friday. The new GM will be 60.8 percent owned by the U.S. Treasury.

Lister Knobbly back on track

Lister The Lister Knobbly - one of the most famous British racing cars of the 1950s - is now available to buy new, with prices starting from £249,000 for track-only versions and £259,000 for road car derivatives. Lister Cars was founded by George Lister in 1954 and its Jaguar-based ‘Lister Knobbly’ race cars were among the most competitive cars in motor racing during the late 1950s. In May 2013 three existing companies - George Lister Engineering of Cambridge, Brian Lister Light Engineering and Lister Storm – were amalgamated following investment by Warranty Wise to create Lister Motor Company Limited.