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Koenigsegg teases Agera One:1 hypercar with 1,340hp

Koenigsegg has released the first official image of its new Agera One:1 hypercar, set to make its world debut at the 2014 Geneva Motor Show next month. Based on the Swedish firm’s Agera R model, the One:1 concept produces a whopping 1,340hp and weighs 1,340kg, meaning the car has a power-to-weight ratio of 1,000hp per tonne. That’s a lot.

Marchionne's dilemma: To sell or not to sell Alfa to Volkswagen?

Fiat CEO Sergio Marchionne's self-confidence has helped him tackle problems that lesser executives would duck, but he may have met his match. In a public test of Marchionne's faith in his own turnaround strategy, in September Volkswagen Chairman Ferdinand Piech bluntly announced that he wants to buy Alfa Romeo. Piech was suggesting that VW--and only VW--could transform Fiat's perennial money-losing brand into a real moneymaker.

Gordon Murray's electric city car gets green light

The UK Government tonight announced a major investment in Gordon Murray's radical new city car project. A £9 million grant will fund development of the T27, an electric city car successor to the original T25 being designed in the UK by the maverick engineer behind the McLaren F1 and numerous racing cars. The money will be spent designing and producing four prototypes over a 16-month period, with the eventual aim of putting an electric car with sustainable manufacturing processes into full production here in the UK.  The T27 will be the follow-up to the petrol-powered T25, a small city car designed by jointly by Gordon Murray Design and Zytek Automotive technology.