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Volkswagen to buy 42 percent of Porsche, full merger planned
Thu, 13 Aug 2009Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.
Original 'Panthermobile' and Chitty Chitty Bang Bang replica up for auction
Fri, 26 Aug 2011The rare original ‘Pink Panther' car, one of the most iconic vehicles in movie and television history, will be put up for auction for only the second time alongside a replica of the widely-recognizable Chitty Chitty Bang Bang vehicle. The one-off ‘Panthermobile' was created in 1969 for the 'Pink Panther' show, which NBC ran from 1969 until 1976. Jay Ohrberg, who is renowned for producing a number of other iconic Hollywood vehicles, created the unique vehicle, which was originally designed by Bob Resiner. Ohrberg's other creations include the Knight Rider K.I.T.T., Back To The Future's DeLorean, the 1966 Batman Batmobile, the 1989 Batman Batmobile, the Dukes of Hazzard General Lee, Starsky & Hutch's Ford Gran Torino and even the Flintstones cars.
Terry Karges to replace Buddy Pepp as executive director of the Petersen Museum
Mon, 06 Aug 2012Terry Karges will take over as executive director of the Petersen Automotive Museum in Los Angeles on Aug. 15, replacing Buddy Pepp, who is retiring after more than two years on the job. Karges brings four decades of automotive, entertainment and motorsports management experience to the Petersen.