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Italian businessman buys Pininfarina plant for aluminum-vehicle project

Defeated twice in his attempts to buy Carrozzeria Bertone S.p.A., Gianmario Rossignolo has signed a preliminary deal to rent and run one of Pininfarina S.p.A. three plants. Rossignolo, 79, a flamboyant executive who worked at Fiat and Swedish ball-bearing maker SKF, needs the Pininfarina plant for its Innovation in Auto Industry S.p.A.

Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.

Report: Ram plans light-duty pickup

Chrysler's Ram brand plans to offer a light-duty front-drive pickup on a redesigned minivan platform beginning in 2013, according to a published report. The truck is expected to be aimed at pickup buyers who want better fuel economy than a full-sized pickup can provide, and who don't need a pickup's toughness and hauling capability. The vehicle will be targeted at the Honda Ridgeline pickup.