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Koenigsegg Agera R hits 250mph at Nurburgring +video

Koenigsegg Agera R hits 250mph at Nurburgring The incredible Koenigsegg Agera R has hit a top speed of 249.54mph at a private event at the Nurburgring and we have it on video. We have a huge hankering for the cars that Christian von Koenigsegg produces, and none more so than the Koenigsegg Agera R. Koenigsegg has endowed the 2012 Agera R with a raft of improvements to make what was already a massively impressive car even more so.

Peugeot Design Lab launched

PSA has launched its new Peugeot Design Lab to design products, services and experiences for clients outside the automotive industry. Peugeot Design Lab, a global brand design studio, is located within the Peugeot Design Centre and utilizes the existing technical and human resources expertise in order to draw from the many years of design experience of the design team. It also comprises of designers from studios from across three continents in Paris, Shanghai and Sao Paolo.

Porsche to build 918 Spyder

Porsche today announced that it will build the 918 Spyder, a road legal version of the 718bhp hybrid sports car that made its debut at the Geneva motor show last year. The company says the hybrid sports car will be limited to just 918 examples and be offered in left-hand drive only in order to ensure exclusivity of the new model. Based on a carbon fiber-reinforced plastic monocoque, the 918 Spyder's design DNA is derived from the Carrera GT and Porsche 917 race car as well as the RS Spyder.