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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.

Watch the 2015 Corvette Z06 debut live

It's just 10 short minutes from the debut of the 2015 Corvette Z06. Check out the reveal, live from the floor of the Detroit auto show. The North American International Auto Show, known to most as the Detroit auto show, continues to serve as a barometer for the entire industry.

Cadillac releases second ELR teaser

Cadillac has released the second teaser image of the 2014 ELR electric vehicle ahead of its world debut next week in Detroit. The heavily-camouflaged ELR, which will be unveiled on 15 January, was photographed driving through the mountains of Southern California during development testing. The car will be a sporty two-door coupe that was previewed by the Converj concept, which made its debut at the 2009 North American International Auto Show (NAIAS).