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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.

2014 Chevy Silverado and GMC Sierra recalled

General Motors is recalling nearly 22,000 units of the 2014 Chevrolet Silverado and GMC Sierra full-size pickups because the seats may move in a rear-end crash. The recall affects 21,721 Silverados and Sierra Series 1500 vehicles; 18,972 in the United States, 2,575 in Canada, 103 in Mexico and 71 exports. These vehicles have manual front reclining seatbacks that may fail to meet a federal safety requirement for performance when struck from behind.

2014 BMW 4-series convertible coming next year

The 2014 BMW 4-series convertible will feature a three-piece hard top, both four- and six-cylinder engines and an eight-speed automatic transmission when it arrives in dealerships in the first quarter of next year. The BMW 428i Convertible will cost $49,675 including destination while the 435i Convertible will start at $55,825. The new 4-series, which replaces the 3-series coupe and convertible but not the sedan, is larger in width and wheelbase than its predecessor.