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Skoda MissionL

Skoda is the latest manufacturer to join the queue of those releasing teaser shots ahead of the 64th Frankfurt motor show next week. Following on from the somewhat understated VisionD shown in Geneva ealier this year, is the MissionL. Unlike the VisionD, the MissionL concept is said to be close to a final production-ready design that will be launched through Europe, Russia and China.

GM agrees to sell Saab to supercar company Koenigsegg

General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.

Bugatti takes a pair of Veyrons to Shanghai show

The growth of manufacturing in Asia has minted more than a few wealthy people--the target audience for Bugatti. The French-based boutique carmaker took two examples of the Veyron to this week's Shanghai motor show--the Asian debut for the Veyron 16.4 Super Sport and an individually customized 16.4 Grand Sport. The Veyron 16.4 Super Sport in Shanghai wears black-colored carbon-fiber bodywork, accented with polished and anodized aluminum trim such as the badges and wheels.