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SEMA buys Performance Racing Industry

The Specialty Equipment Marketing Association (SEMA) on Tuesday finalized plans to purchase Performance Racing Industry, and the transaction will close later this month. John Kilroy, who has experience as editor and associate publisher of PRI Magazine and as vice president of the organization, will continue to lead it. For now, according to representatives from SEMA, it's business as usual.

Lotus and Daniel Simon collaborate on C-01 hyperbike project

Lotus has announced the impending launch of its first motorcycle, the C-01, penned by automotive designer and futurist Daniel Simon. The C-01, previewed on the left, will be a hyperbike with integrated racing technology made from materials such as carbon, titanium and aerospace quality steel, and will be powered by a 200hp engine. It is designed to reflect a combination of lifestyle, design and high-end technology.

Toyota will install brake override systems to prevent runaway vehicles

Toyota will install brake override systems on all Toyota, Lexus and Scion vehicles by year end as a way to prevent unintended acceleration. The new system will be put in all vehicles globally, said Yoshi Inaba, president of Toyota North America Inc., in an interview at the Detroit auto show on Monday. The initiative follows a recall last fall of 3.8 million Toyota and Lexus vehicles in the United States to correct the problem.