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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.

Honda readies its jet airplane -- for real this time

Honda would like to remind you that while journalists have spent the last few years fretting whether the Big H has "lost its way," the company has quietly launched, shelved, resurrected, and all but waited out its plan to dominate the business-jet skies, which we are to assume are less friendly than United's. The HA-420 HondaJet has been kicking around for more than 10 years now, but the very first production-ready plane just rolled off the assembly line in Greensboro, N.C., this week -- and, Honda promises, the $4.5 million business jet should be delivered in the second quarter of next year. Honda began taking orders for the jet in 2006, but the long recession squashed the market for private jets.

Wild Peugeot 308 R Concept set for Frankfurt debut

Peugeot has spiced up the launch of the all-new Peugeot 308 by teasing us with photos of the 308 R Concept to be launched at the Frankfurt Motor Show. And while we could suggest Peugeot has got the Golf GTI and Focus ST in its sights, we like to think of the 308 R Concept more as a grown-up version of the Peugeot RCZ R. And although the 308 R Concept is unlikely to become anything other than a limited-run special, it certainly raises the prospect of a super-hot performance 308.