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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.

Former Volvo design boss Steve Mattin to join Russia's Lada

Former Volvo Cars design chief Steve Mattin will head design at the Russian brand Lada. Mattin will start at the Russian automaker on Oct. 1, Lada's owner AvtoVAZ told Automotive News Europe in an email.

Dany Bahar’s restored V8 Lotus Esprit for sale

With Dany Bahar now ousted as Lotus boss, his fully restored 2002 V8 Lotus Esprit is up for sale. When Dany Bahar joined Lotus from Ferrari, he brought with him some grandiose plans – and an ability to spend money – that were ultimately his undoing. And it appears Bahar was a bit too grand to run around in any of Lotus’s current models as ambassador for the brand, instead deciding the way to go was a fully restored version of the last Lotus supercar – the Lotus Esprit.