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Koenigsegg One:1 – 1400 hp & 280mph

Koenigsegg One:1 (pictured) 1400 hp & 280mph In a wide ranging interview – in which Bloomberg compare Christian to a benevolent Bond villain – Christian reveals that plans for the One: 1 have moved on in the last year, and what he has in store is impressive indeed. The Koenigsegg One:1 will come with 1,400 horses – more than we imagined – and it will indeed boast one hp for every one kilogram. But that weight is a weight including all fluids and even the driver.

CPP comments as investor Vladimir Antonov loses his bank. Arrest warrant issued.

Vladimir Antonov - Arrest warrant issued over Snoras Bank collapse Russian businessman Vladimir Antonov has been busy buying up a raft of car companies (and Portsmouth FC) in recent years. But there are now big questions about how he financed that. Vladimir Antonov is the main shareholder in Lithuanian Snoras bank (he owns 68 per cent) and in Latvijas Krajbanka via a 60 per cent stake owned by Snoras.

Alfa faces product freeze under a review of the struggling brand

Fiat S.p.A. could freeze new investment in Alfa Romeo under a strategic review of the money-losing brand ordered by CEO Sergio Marchionne. A product freeze is one of two alternatives that Fiat is considering to end years of losses and declining sales at its sporty premium brand.