For the standard 3-1/2x12in 500 wheel, use 125R (or SR)12 tyres--Pirrelli still can supply this size. If you have early (594cc) 126 wheels fitted which were 4in wide, go up to 135R (or SR) 12 tyres
NO--car and motor-bike tyres are different. The construction of a motor-bike tyre allows for the fact that for a fair percentage of its life it will be running on the side-wall (when cornering)--hopefully, a tyre on a car will not be doing this! Middle Barton Garage can supply the tyres that you need.