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Video: Check out new episode of Hagerty Classic Car TV

This week, Hagerty Classic Car TV takes us to the Concours d'LeMons in Monterey, Calif. But before that, we get news featuring the Ford Mustang, John Travolta and Auburn Auction stories. At Monterey, we get to check out the AMCs, Ford Pintos and MGs at the concours, along with a raced-out Ford Probe.

Italian firm buys stake in Aston Martin

The former owner of Italian motorcycle maker Ducati has bought a 37.5-percent stake in financially strapped British car maker Aston Martin. The move means future Astons could use modern drivelines and electric architectures from Mercedes-Benz's AMG division, insiders with knowledge of the deal suggest. Private equity fund Investindustrial has signed a memorandum of understanding with current Aston Martin owner Investment Dar of Kuwait that will see it pay $240 million (150 million pounds) for the ownership stake.

Rolls-Royce Ghost V-Specification dialed up to 593-hp

Just before a refreshed Rolls-Royce Ghost debuts at the Geneva Motor Show in March, the British automaker has rolled out a performance edition of its "entry level" sedan with 593-hp underhood. The standard Ghost sedan wasn't exactly short on power until the announcement of the V-Specification version -- the company's 6.6-liter twin-turbocharged V12 engine produces 563-hp and 575 lb-ft of stump-pulling torque in standard form. Yes, gone are the days when Rolls-Royce declined to disclose exact power figures and simply listed their powerplants' output as "adequate." Now Rolls-Royce is forced to compete in this cutthroat market with its performance stats, it seems.