Vintage 1966 Chevy Impala Convertible Top Chrome Brackets on 2040-parts.com

Petersen museum executive director to retire

The executive director of the Petersen Automotive Museum is retiring after a 12-year-run at the helm of one of the nation's preeminent car collections. Richard Messer is stepping down to concentrate on other business interests. He will be replaced by Buddy Pepp on June 15.

Chrysler's main creditors reach deal with U.S.; others hold out

The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.

Who's Where: Lars Falk appointed Vice President Product Design for Volvo Cars China

Swedish designer Lars Falk has been appointed Vice President Product Design for Volvo Cars China. In his new role, Falk will lead and develop an emerging design organization which will cover both production design and advanced/strategic activities for the Volvo brand. "I am privileged to set up a small yet efficient design organization which will cover both production design and advanced/strategic activities for the Volvo Cars brand," Falk told Car Design News.