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Koenigsegg planning an entry-level car – but it’ll still cost £500k

Koenigsegg are planning an entry-level car at half the price of the Agera R (pictured) Think of the cars that Christian von Koenigsegg has made since he started with the CC8S in 2002 and you think of them as extremes of the supercar genre; the Swedish engineering take on the bloated and massively complex Bugatti Veyron. Christian’s men in a shed in Sweden have gone on to make a series of progressively quicker and more impressive supercars, through the CCR, CCX and the Agera and on to the current most extreme iteration – the Koenigsegg One:1. But it looks like Christian has decided that his ambition to create the world’s greatest hypercar leaves room for a ‘Lesser’ Koenigsegg, a car that still has innovative engineering and extreme performance but comes at a lower price.

Top Gear Tonight: Renaultsport Clio 200, Peugeot 208 GTI, Ford Fiesta ST & New Reasonably priced car

Richard Hammond tests the Renaultsport Clio 200 (pictured), Peugeot 208 GTi and Ford Fiesta ST in tonight’s Top Gear It’s been a while since Top Gear filled our Sunday evenings, but it’s back tonight – Series 20, Episode 1 – at 8pm on BBC 2. The usual mayhem and madness (and silliness) will ensue. but the series needs to be set up first, because there’s a new reasonably priced car.

Mandelson to announce help for car makers

Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.