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Brian Wilson to perform at Petersen fundraiser
Wed, 29 Apr 2009The annual Petersen Automotive Museum's fundraising event on May 7 promises to be fun, fun, fun when Beach Boy Brian Wilson and his band take the stage. The rock-'n'-roll icon is scheduled to play for an hour as part of the museum's largest charity event of the year, proceeds from which benefit the 501(c)(3) institution. The Beach Boys had a lot of car-themed hits, including "409," "Little Deuce Coupe" and "Fun, Fun, Fun." (AutoWeek trivia: The Deuce Coupe featured on the cover of the album of the same name belonged to Clarence "Chili" Catallo, whose son, the successful and powerful advertising executive Curt Catallo, once was a lowly editorial assistant at AutoWeek).
Silver linings: Saab and Mitsubishi see sales grow in May
Thu, 02 Jun 2011Despite the company’s financial troubles, Saab sales are steadily increasing in 2011, with April and May numbers up 190 percent and 121 percent, respectively, from the same months last year. The Swedish automaker reported 385 units sold this May, versus 155 the year prior. So far this year, Saab has sold 2,765 vehicles, compared with 954 at the same point last year.
Italian firm buys stake in Aston Martin
Fri, 07 Dec 2012The 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.