The Tru 140S wears the badges in question on the center caps of all four wheels while the Code 130R proudly displays them as integrated turn signals on the front fenders. According to Nicholas David, a senior exterior designer with General Motors and the man behind the Tru 140S, the cross flag emblems identify both concepts as members of a new "passion portfolio" within Chevrolet.
Once upon a time, the cross flags found themselves on a number of sport-oriented Chevrolet vehicles from the Corvair to the Corvette. As the years progressed, the badges fell off of every model but the Corvette. Now, David says GM wants to expand its family of sports cars, and each new member will feature the cross flags. With SS and RS models lining showrooms, GM isn't exactly short on sports branding as it is. Fortunately, the cross flags likely won't detail a separate trim so much as a family of vehicles.
It's worth noting that while the emblems on the two concept twins are remarkably similar to the cross flags of the Chevrolet Corvette, they aren't identical. The Corvette relies on a curled flag with a gold Bowtie and a fleur-de-lis on a red field, while the Code 130R and Tru 140S make do with just the Bowtie.