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Koenigsegg Automotive

Koenigsegg Automotive

Tagline

Spirit of Performance

Net Worth

$100,000,000

Started in (City)

Ängelholm

Started in (Country)

Sweden

Incorporation Date

12th December, 1994

Bankruptcy Date

-

Founders

  • Christian von Koenigsegg

About

Koenigsegg Automotive AB is a maker of superior games vehicles, situated in Ängelholm, Skåne County, Sweden. The organization was established in 1994 in Sweden by Christian von Koenigsegg, with the expectation of delivering a "world-class" sports vehicle. Numerous long periods of improvement and testing prompted the CC8S, the organization’s first road legitimate creation vehicle which was presented in 2002. Aside from creating, assembling and selling the Koenigsegg line of sports vehicles, Koenigsegg is additionally engaged with "green innovation" improvement programs starting with the CCXR ("Flower Power") flex-fuel sports vehicle and proceeding through the present with the Jesko. Koenigsegg creates and delivers the greater part of the principle frameworks, subsystems and segments required for their vehicles in-house as opposed to depending on subcontractors. In January 2019, Koenigsegg offered a 20% stake in the organization to Swedish electric vehicle producer, National Electric Vehicle Sweden (NEVS), for US$171 million.

Beginning

Christian von Koenigsegg got the plan to manufacture his own vehicle in the wake of viewing the Norwegian stop-movement animated film Pinchcliffe Grand Prix in his youth. He made his first strides in the realm of business in his mid 20s running an exchanging organization called Alpraaz in Stockholm, Sweden. Alpraaz traded food from Europe to the creating scene. The accomplishment of this endeavor gave von Koenigsegg the vital budgetary remainder to dispatch his picked profession as a vehicle maker. At first, Koenigsegg Automotive was situated in Olofström. In 1997, the organization required bigger creation offices and moved to a homestead, simply outside Ängelholm. On 22 February 2003, one of the creation offices burst into flames and was severely harmed. Koenigsegg then gained a relinquished runway to use as his new manufacturing plant building and in late 2003, one of the two huge contender stream overhangs and a place of business were changed over into a vehicle industrial facility. From that point forward, the organization is situated close to the still-dynamic Ängelholm air terminal, customers can show up by personal luxury plane close by. Koenigsegg controls and uses the previous military runway for investigation runs of creation vehicles and fast testing. The Koenigsegg identification was structured in 1994 by Jacob Låftman, in light of the heraldic crest of the Koenigsegg family. The shield has been the family’s emblem since the twelfth century when a relative was knighted by the Germany-based Holy Roman Empire. Subsequent to moving into the relinquished landing strip, which once housed the Swedish aviation based armed forces’ "Johan Röd" unit, Koenigsegg embraced the "phantom image" that the group had on their planes, which were Saab AJS37 Viggen airplane (the crew additionally utilized the English expression "The show must go on" on their airplane also) as an accolade for the unit. The identification is seen on models worked in the industrial facility that was changed over from their storage.

Road to Success

A Koenigsegg CC model was first pitched in 1996, while the full carbon fiber creation model having white paintwork was at long last uncovered at the 2000 Paris Motor Show. The primary client took conveyance of a red CC8S in 2002 at the Geneva Auto Show and four additional vehicles were manufactured that year. Koenigsegg was built up in Asia soon thereafter with a debut at the Seoul Auto Show. In 2004, the new CCR, which was fundamentally an elite variation of the CC8S, was disclosed at the Geneva Auto Show; just 14 were created. On 28 February 2005, at 12:08 pm neighborhood time, in Nardò, Italy, the CCR broke the Guinness World Record for the quickest creation vehicle on the planet, having achieved 387.866 km/h (241.009 mph) on the Nardò Ring (a round track of 7.8 mi (12.6 km) circuit), breaking the record recently held by the McLaren F1. In 2006, Koenigsegg presented the CCX, another model, that was created so as to meet overall guidelines for street use. In 2007, Koenigsegg debuted the CCXR, a biofuel/flex-fuel rendition of the CCX. The vehicle includes a changed motor, fuel framework, and motor administration framework that empowers the vehicle to run on typical gas or ethanol, and in any blend between these two fills. In 2010 Koenigsegg delivered data at the 2010 Geneva Motor Show about another model called the Agera, which converts into English as "make a move/demonstration". Creation of the Agera finished in July 2018 in the wake of being underway for a long time when two of the three last release vehicles were introduced to their clients.

Challenges

At first, Koenigsegg Automotive was situated in Olofström. In 1997, the organization required bigger creation offices and moved to a homestead, simply outside Ängelholm. On 22 February 2003, one of the creation offices burst into flames and was severely harmed. A majority of the company's budget is spent simply on homologation. The underlying structure of the CC was written somewhere near Christian von Koenigsegg. Modern architect David Crafoord understood the portrayals as a 1:5 scale model. This model was later scaled up so as to make the base fitting for the underlying Koenigsegg model that was done in 1996. During the following years, the model experienced broad testing and a few new models were constructed. The models at first utilized an Audi V8 motor however after the motor flexibly contract failed to work out, the following applicant was the Flat-12 race motor created by Motori Moderni for the Scuderia Coloni Formula one group, in which this motor was dashed under the Subaru identification in the 1990 season. These Subaru 1235 motors were bought and changed for use in the CC; this arrangement bombed when the organizer of Motori Moderni kicked the bucket, sending the organization into insolvency. In the end Koenigsegg built up its own motor dependent on the Ford Modular design which was utilized in its initial games vehicles. Later on, Koenigsegg built up their own motors without any preparation, including control frameworks and transmissions, which is bizarre for a little size games vehicle maker.

Failures

On 12 June 2009, the media announced that Koenigsegg Group, comprising of Koenigsegg Automotive AB, Christian von Koenigsegg, Bård Eker and a gathering of financial specialists drove by Mark Bishop had marked a letter of aim with Saab to assume control over the brand from General Motors. General Motors affirmed on June 16 that they had picked Koenigsegg Group as the purchaser of Saab Automobile. The arrangement, set to close 30 September 2009, included US$600 million in financing from the European Investment Bank, ensured by the Swedish government. By examination, in 2008 Koenigsegg with its staff of 45 delivered 18 vehicles at a normal cost of US$1 million each; Saab utilized 3,400 laborers and made in excess of 93,000 vehicles. General Motors declared on 18 August that the arrangement had been marked, albeit certain financing subtleties stayed to be finished. On 9 September 2009, Koenigsegg declared that BAIC was going to join as a minority partner in Koenigsegg. In November 2009, Koenigsegg chose not to settle the acquisition of Saab and in this manner, left the arrangements. The planning vulnerability of conclusion of the takeover was the explanation Koenigsegg expressed for leaving the arrangement.

Achievements

  • Top Gear - Award 2010 - The Agera becomes BBCs Top Gear Hypercar of the Year
  • Red Dot - Award for excellent Design
  • National Swedish Design Prize - Utmärkt Svensk Form
  • Powercar - Superexotic import of the year 2007 and 2008 - Germany

CEOs

  • Christian von Koenigsegg