In short... 555's suck. They have a large current drain (comparatively), but that isn't really a problem in a car. Advantages are that they are cheap, simple and stable. A more elegant solution would be a variable speed MOSFET switching circuit, although the timer you intend to use is adequate.
The multivibrator circuit you describe sounds allright, but it won't be sufficient. You'll need to use your timer circuit to switch an external relay, because you'll be switching a largish current.
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