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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.

CAFE standard set at 54.5 mpg by 2025

The final version of the new corporate average fuel economy (CAFE) standard was released today and, as expected, automakers will need to attain a fleet average of 54.5 mpg by 2025. The rules include electric and hybrid vehicles and—as of today—natural gas vehicles. The Environmental Protection Agency and the National Highway Traffic Safety Administration proposed the rules in November, after reaching an agreement with automakers last July.

Lamborghini Huracan racks up 700 orders ahead of a Geneva debut

The new Lamborghini Huracan (pictured) secures 700 orders before a public debut The new Lamborghini Huracan – the long-awaited replacement for the Lamborghini Gallardo – was revealed just before Christmas and has been doing a tour of private reveals to Lamborghini faithful around the world. Those private presentations look like they’ve been quite a success, with Lamborghini reporting 700 secured orders for the Huracan already – half the average annual orders of the Gallardo in just a month – before it’s even been publicly revealed. With styling that owes more than a passing nod to the Aventador, 602bhp from its 5.2 litre V10 and 4WD, the Huracan is an appealing mid-engined supercar from Lamborghini, especially has Lamborghini seem to have worked hard to increase the quality of construction and materials used.