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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.

GM throttles back on performance cars for 2010

It should not be a surprise, as General Motors scrambles to cut costs and cars sit unsold on dealers' lots, that the automaker is cutting high-performance versions of several vehicles for the 2010 model year. According to information from online ordering guides made available to GM dealers, the 2009 model year is the last for the Chevrolet Impala SS, the Pontiac G6 GXP and the Cadillac STS-V. Also, the SS trim in the Chevy Cobalt lineup will be limited to the coupe body style.

Audi to engineer next Porsche Cayenne

Audi will develop Volkswagen group's Porsche Cayenne, VW Touareg and Audi Q7 large SUVs in the future. Currently, Porsche has responsibility for engineering the three models, which share the same underpinnings. The decision to transfer developement to Audi comes after Porsche was chosen instead of Audi to be the lead developer for large luxury sedans and sports cars within VW group.