The story
Founded by Christianvon Koenigsegg in 1994, in Ängelholm.1
Factory history
Christian von Koenigsegg got the idea to build his own car after watching the Norwegian stop-motion animated movie The Pinchcliffe Grand Prix in his youth. At 22 years old, Koenigsegg gathered kr 60,000,000 from investors and founded Koenigsegg Automotive in 1994.
Initially, Koenigsegg Automotive was based in Olofström. In the early 2000s, the company moved to Ängelholm. On 22 February 2003, one of the production facilities caught fire and was badly damaged. Koenigsegg then acquired an abandoned air field to use as his new factory building and in late 2003, one of the two large fighter-jet hangars and an office building were converted into a car factory. Since then, the company is located near the still-active Ängelholm airport. Koenigsegg controls and uses the former military runway for shakedown runs of production cars and high-speed testing.
In July 2023 Koenigsegg opened a newly built factory, close to the old factory building in Ängeholm, doubling the production capacity.
Prototypes and production
The initial design of the CC was penned down by Christian von Koenigsegg. Industrial designer David Crafoord realised the sketches as a 1:5 scale model. This model was later scaled up in order to create the base plug for the initial Koenigsegg prototype that was finished in 1996. During the next years, the prototype went through extensive testing and several new prototypes were built. The prototypes initially used an Audi V8 engine but after the engine supply contract fell through, the next candidate was the Flat-12 race engine developed by Motori Moderni for the Scuderia Coloni Formula one team, in which this engine was raced under the Subaru badge in the 1990 season. These Subaru 1235 engines were purchased and modified for use in the CC; this deal failed when the founder of Motori Moderni died, sending the company into bankruptcy.
Koenigsegg developed its own engine based on the Ford Modular architecture in 2012. It later developed its own engines from scratch, including control systems and transmissions, which is very unusual for a small size sports car producer.
Badge
The Koenigsegg badge was designed in 1994 by Jacob Låftman, based on the heraldic coat of arms of the von Koenigsegg family. The shield has been the family's coat of arms since the 12th century when a family member was knighted by the Holy Roman Empire.
Ghost Badge
After moving into the abandoned airfield, which once housed a Swedish Air Force squadron, Koenigsegg adopted the "ghost symbol" that the squadron had on its planes as a tribute. The badge is seen on models built in the factory that was converted from its hangar.
Attempted purchase of Saab
On 12 June 2009, the media reported that Koenigsegg Group, consisting of Koenigsegg Automotive AB, Christian von Koenigsegg, Bård Eker and a group of investors led by Mark Bishop had signed a letter of intent with Saab to take over the brand from General Motors. General Motors confirmed on 16 June that they had chosen Koenigsegg Group as the buyer of Saab Automobile. The deal, set to close 30 September 2009, included US$600 million in financing from the European Investment Bank, guaranteed by the Swedish government. By comparison, in 2008 Koenigsegg with its staff of 45 produced 18 cars at an average price of US$1 million each; Saab employed 3,400 workers and made more than 93,000 cars.
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General Motors announced on 18 August that the deal had been signed, although certain financing details remained to be completed. On 9 September 2009, Koenigsegg announced that BAIC was going to join as a minority stakeholder in Koenigsegg.
In November 2009, Koenigsegg decided not to finalise the purchase of Saab and therefore left the negotiations. Koenigsegg stated that its decision was due to the uncertain timing of finalisation of the takeover.
From Wikipedia’s article on Koenigsegg, shared under CC BY-SA 4.0.3