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Volvo P1800 celebrates 50 years

So far, 2011 has been a significant year with the Jaguar E-Type, Aston Martin DB4-GT Zagato and BMW 'Neue Klasse' all celebrating their 50 year anniversaries. The Volvo P1800, which celebrates its half century anniversary this year, is yet another car entering this exclusive club. The svelte Swedish coupe is ‘perhaps Volvo’s most internationally renowned model,’ according to the brand, and it's easy to see why.

Mitsubishi plans to halt U.S. production of 3 models in August

Mitsubishi will stop making three models at its Normal, Ill., plant in August. Production of the Eclipse coupe, Eclipse Spyder and Endeavor crossover will cease, while the Galant sedan will continue to be built, said Yoichi Yokozawa, CEO of Mitsubishi Motors North America. A decision on when to end Galant production will be made later, Yokozawa said.

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.