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One:1 halo car coming from Koenigsegg

Christian von Koenigsegg talked to Bloomberg Businessweek over the weekend, telling the publication about his youth, the supercar business and how most Koenigsegg designs start in his head. It's all worth a read. But at the end of the four-page article, the head of the brand hints at a new car, built as a “money-is-no-object venture” for a dealer in China.

Mercedes AMG engine guru to join VW

The man credited with development of Mercedes-Benz AMG's latest line of high performance gasoline engines, Friedrich Eichler, has been lured to the Volkswagen Group, where he will take up an as yet unspecified position this summer, sources with knowledge of the move tell Autoweek. Eichler, who joined AMG after working his way up through the ranks at Porsche, was instrumental in the development of AMG's naturally aspirated 6.2-liter V8, twin-turbocharged and naturally aspirated 5.5-liter V8 and twin-turbocharged 6.0-liter V12 that powers the Pagani Huayra. Friedrich Eichler also developed turbocharged four-cylinder engines for upcoming Mercedes AMG cars.

2013 Australian Motor Show axed

This year’s Australian Motor Show in Melbourne has been cancelled by its organizers three months before its planned opening. Falling attendance figures played a big part in taking the decision, as did what is seen as a lack of manufacturer support. The Australian International Motor Show Joint Venture's event director Russ Tyrie said the decision was taken "based on a consensus view of the automotive industry to focus limited marketing budgets in 2013 on firm-specific activities, rather than an industry-based motor show." The Volkswagen Group's decision not to attend may well have acted as the final nail in the coffin along with Hyundai's hesitancy despite initial support.