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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.

Ford agrees to sell Aston Martin

Ford Motor Company announced this week it has entered into a definitive agreement to sell Aston Martin, its prestigious UK sports car business. The new owner of Aston Martin is a consortium comprised of: David Richards, founder and chairman of Prodrive, a world-leading motorsport and automotive technology company; John Sinders, an avid Aston Martin collector and a backer of Aston Martin Racing; and Investment Dar and Adeem Investment Co, international investment companies headquartered in Kuwait. The sale is expected to close during the second quarter and the transaction values Aston Martin at GBP 479 million ($925 million). As part of the transaction, Ford will retain a GBP 40 million ($77 million) investment in Aston Martin.

Aston Martin sales UP in 2013 – new platform being developed

Aston Martin sales and revenue up in 2013 Aston Martin has revealed its results for 2013 – its centenary year – which show the coolest car brand on the planet managed to increase sales by 11 per cent – to around 4,200 cars – and revenue to £519 million, an increase of 13 per cent over 2012. Aston Martin’s earnings before EBITDA (that’s earnings before interest, taxes, depreciation, and amortization) were up a strong 22 per cent to £84.8 million, demonstrating strong operating profitability, although actual earnings were marginal. But Aston Martin are bullish about the performance, and equally bullish about the future.