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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.

Petrolhead spiders cause Mazda recall

Mazda has had to recall 42,000 vehicles in the US after it emerged that a species of spider had been weaving webs in fuel vent hoses, increasing the risk of fuel leaks and fires. The yellow sac spider’s curious domestic activities cause a build-up of pressure in the evaporative fuel vent that – in theory at least – could result in a cracked fuel tank and therefore an increased risk of fire. This isn’t the first time that the Mazda 6 has received the unwanted advances of a gas-guzzling arachnid, either – three years ago Mazda had to recall over 50,000 cars for precisely the same reason.

Magna gets Vauxhall and Opel

Canadian parts maker Magna takes control of Opel and Vauxhall The German Government is to supply funding of €1.5 billion to help the new Opel/Vauxhall operation to finance the transition. The news hasn’t come a moment too soon, as the US Government had given GM only until Monday to resolve the issue before the likely bankruptcy of GM. The Opel/Vauxhall operation will now be ring-fenced from the insolvency of its former parent in the US and will become ana entity in its own right.