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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.

First details of new Volkswagen Golf revealed; GTi planned for Paris

Volkswagen has revealed the first details of its seventh-generation Golf--including a classy new interior--at a heavily cloaked press event ahead of the car's official unveiling in September in Berlin. The Golf, VW's perennial best seller, has raked in worldwide sales of more 29 million cars over 38 years of production. The new model, which is described as being up to 23 percent more economical than its predecessor, is planned to go on sale across Europe in November, replacing today's model, introduced in 2008.

2012 Jeep Compass and Patriot to be recalled for fuel-tank problem

Chrysler is recalling nearly 1,700 all-wheel-drive-equipped 2012 Jeep Patriot and 2012 Jeep Compass SUVs for a possible defect in the fuel system. In certain affected vehicles, a valve designed to prevent fuel leakage in the event of a rollover can leak. This is due to damage sustained in testing at the facility where they were manufactured.