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Concept Car of the Week: GM-X Stiletto (1964)

With dreams of flying cars as the ultimate inspiration, General Motors designers in the ‘60s used every trick possible to make their creations appear as though they were floating – long, straight bodies, wheels pushed in and hidden away, large fins and lights that looked like rockets. As William L. Mitchell took the reins of GM Design, he brought a more high-tech approach, with simpler surfaces, a more restrained use of chrome and a general sense of elegant simplicity.

No Porsche plan for model priced less than Boxster

Porsche has no plans to sell a car costing less than the Boxster, according to the automaker's head of sales and marketing. "To build a Porsche for 30,000 euros [$37,800 at current exchange rates] currently doesn't fit our brand," Bernhard Maier told the Automotive News Europe Congress in Monaco on Thursday. "The extraordinary purchase experience is not for free and the entry price is currently covered with the Boxster and in the future by the Macan." He said Porsche's plan to double sales won't compromise exclusivity.

Saab pulls out of Frankfurt motor show

It's become a cliché in the automotive press to proceed Saab with the word 'troubled' recently. Yet the company's latest announcement does little to dispel the notion that all is not well in Trollhatten, as it has announced that it will not be featuring at September's Frankfurt auto show. The Swedish car manufacturer has had trouble paying suppliers in recent months, and it is thought that Saab will instead use the money allotted to Frankfurt in order to pay them.