In perhaps the ultimate example of schadenfreude, more details have surfaced surrounding the story of the turquoise Koenigsegg and Lamborghini that were given the boot outside the ultra-ritzy Harrods department store in London. It turns out that the owners of the supercars were also members of the Qatari royal family, the owners of Harrods. Most...
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Most of the time, we hate when supercar owners block multiple parking spots, or park illegally just because they drive a car that’s worth more than most houses. We know a door ding can be a $10,000 repair on these cars, but people should still park them legally like everyone else. Here, a visiting middle-eastern...
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Volkswagen patriarch Ferdinand Piech is no stranger to grandiose projects, having overseen the Volkswagen Phaeton uber-luxury sedan, as well as the Bugatti Veyron hypercar. While Jeremy Clarkson of Top Gear lamented that the worst part about driving a Veyron is that after it was over, he’d never be able to experience it again, it looks...
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With his already amazing collection of classic, exotic and rare automobiles, Jay Leno has just added one more specimen – the Koenigsegg Trevita. Number three of three, the Trevita is based on the 1,018-hp CCXR and gets a special Simmering Diamond carbon fiber body, with a diamond coating layered over the special lightweight weave. Thanks...
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Swedish supercar maker Koenigsegg has launched its latest version of the CCX at the Geneva Auto Show to celebrate the brand’s 15 years and the vehicle’s timeless design. Koenigsegg refers to it not as a special edition, however, but a a whole new mode, called the Agera. The name “Agera” has two meanings, the first...
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Thanks to photos and information from GTSpirit, we’re able to bring you the very latest supercar from Koenigsegg – the Agera. Looking mostly similar to the CCX, the Agera appears to be some sort of special edition version of the Swedish supercar. So what’s so special about it? We’re glad you asked. For starters, the...
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Swedish supercar maker Koenigsegg has canceled its plans to buy the struggling Saab brand from General Motors, leaving the future of the brand in jeopardy. “We’re obviously very disappointed with the decision to pull out of the Saab purchase,” said GM President and CEO, Fritz Henderson. “Many have worked tirelessly over the past several months...
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According to a report in Swedish business daily Dagens Industri (translated by the folks at SaabsUnited), Koenigsegg, the company’s prospective buyer, wants to take the company more up-market while selling fewer vehicles. This would presumably mean higher profit margins, but the proposed plan doesn’t seem to account for the Swedish automaker to turn a profit...
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Saab has secured a $610 million loan from the European Investment Bank after the Swedish government said it would stand behind the loan. This may just be the last step in finalizing the sale of Saab to a group of investors headed by Swedish supercar maker Koenigsegg. The sale of Saab by General Motors to...
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Koenigsegg’s bid to purchase GM’s Swedish Saab brand was contingent on the company securing additional funding, either through external investment or through loans. With the Swedish government not overly excited about bailing out Saab and after rejecting attempts by Volvo to secure assistance, Keonigsegg has looked to the private sector and overseas for an interested...
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General Motors has signed an agreement to sell off its Swedish Saab unit to the Koenigsegg Group. Led by supercar maker Koenigsegg, the group includes several additional investors. The deal will see the Koenigsegg Group take a 100 percent stake in Saab. In a statement Koenigsegg Group CEO Christian von Koenigsegg said that the group...
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After a considerable amount of secrecy surrounding the next generation Saab 9-5, it seems as though the cat is finally out of the bag. Two German publications (Autobild and Autozeitung) have published what appear to be official Saab press photos of the 2011 9-5. Normally a new Saab doesn’t get much attention, but with the...
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General Motors has officially announced it has reached a tentative deal to sell its Swedish Saab brand to a group of companies lead by Swedish supercar-maker Koenigsegg. The deal will see the Koenigsegg group receive $600 million in funding from the European Investment Bank, which has been guaranteed by the Swedish government. GM will provide...
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General Motors has made the surprising decision to sell its Saab brand to Swedish supercar maker Koenigsegg. The move comes as such a shock because the two other final bidders were wealthy and mainstream American entities: the Wyoming investment group Merbanco and U.S. billionaire Ira Rennert’s Renco Group. Koenigsegg, on the other hand, is a...
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It seems like there is a new update in the Saab and Saturn sell-off every day… so why stop now. Yesterday we reported that the list of Saab buyers was down to three and now that list has been shortened to just two suitors. Saab CEO Jan-Ake Jonsson told Swedish business paper Dagens Industri that...
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With news of a tentative deal to sell off Hummer coming yesterday, GM still hasn’t made any decisions about its Saturn or Saab brands – but apparently it has plenty of offers to entertain. GM CFO Ray Young said that Saturn has as many as 16 suitors, while the Swedish Saab brand has three. The...
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In a surprising move, a potential buyer for Saab has been found from the company’s home country. Nope… note Swedish automaker Volvo, but Swedish supercar maker Koenigsegg. The news comes from the newspaper Dagens Industri and is so surprising because of Koenigsegg’s mass-market obscurity. Koenigsegg has, however, made a success out of its supercar business,...
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