News and updates from around the motorsports industry.
This crucial Federal legislation is introduced to provide consumers rights to their vehicle’s data and safeguard a free and fair repair market.
The truck includes a V-8 Chevrolet 383 Stroker engine that produces 520 hp.
SEMA eNews highlights new products from industry companies when available. To have your product considered for upcoming issues, send product press releases to editors@sema.org.
Land Rover engineers are entering an advanced stage of development for the fifth-gen Range Rover. The new Rover will play a vital role in facilitating Jaguar Land Rover’s recovery from the pandemic and chip shortage, and its new MLA platform will be a cornerstone of the marque’s push towards full electrification.
SEMA News—February 2022
Global Tire Expo New Products
By Douglas McColloch
Industry news from SEMA-member companies, including Wilwood Engineering, Power Automedia, BorgWarner and more.
Despite ongoing disruptions in the economy, 70% of automotive specialty-equipment manufacturers report sales growth over the past year, according to the new “SEMA State of the Industry Report 2021.”
The United States and the European Union (EU) have agreed to end a three-year dispute over steel and aluminum tariffs. Effective January 1, 2022, the United States no longer imposed 25% tariffs on steel (sheets, bars, tubes, etc.) and 10% on aluminum and is instead using a quota system for those imports from EU countries. The agreement will also apply to derivative products made in the EU and subject to the tariffs, such as steel bumper stampings. The Trump administration imposed the metal tariffs in 2018 under Section 232 of U.S. trade law, citing that dependence on foreign sources posed a national security threat. Argentina, Australia, Brazil and South Korea were excluded based on quotas, and Canada and Mexico were eventually excluded based on the United States–Mexico–Canada Agreement. Although the tariffs have been imposed worldwide, a primary issue to be addressed is global over-production of the metals, especially by China.
SEMA Launch Pad started in 2013 as a partnership between SEMA Education and the Young Executives Network (YEN). The goal was to promote entrepreneurship in the automotive aftermarket by giving innovators and builders under age 40 a chance to showcase their products before a panel of judges at the SEMA Show. For 2021, the age limit was removed to make it easier for more participants to qualify, and the amount of cash prizes and other considerations were increased, with more participants than ever featured in SEMA’s publications and social-media channels.