Skoda Auto,the German carmaker Volkswagen's Czech unit,today said its new compact car MissionL will be launched in the domestic market by the end of the year. The price of the car is yet to be revealed. The company has showcased the MissionL at the ongoing Frankfurt International Motor Show. "The MissionL will be launched in Europe,Russia and China in 2012,and the customers in India will see it arrive in the market even earlier,before the end of 2011," Skoda said in a statement,adding the car is under the final stage of development. "This new compact model and the new products to follow are a guarantee of accomplishing our goal to increase global annual sales to 1.5 million by 2018. We are going to present a new car approximately every six months," Skoda Board Chairman HC Winfried Vahland said in the statement.
