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Bugatti won't build new car until Veyron is sold out

Bugatti executives told Bloomberg on Wednesday that the brand won't move forward with a new automobile until all of the remaining Veyrons have sold out. The French automaker built 300 original Bugatti coupes, followed by 150 various variants. The coupes sold out in 2011, but 40 convertibles are still for sale.

Secret Service issues call for next presidential limousine

The Secret Service is mulling a replacement for Barack Obama's presidential limousine, the Cadillac-styled vehicle lovingly nicknamed "The Beast." News of the new limousine first reached the Internet via FedBizOpps.gov, the official site for Federal Business Opportunities, which provides listings and contracts for various government projects. (Some other listings included cleaning the kitchens at Okinawa, Coast Guard ship repair, and "Phacoemulsification Surgical Equipment.") It calls for a four-phase development program, which is seemingly straightforward. Phase 1 is armor development -- which is currently underway.

Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.