Filed under: Plants/Manufacturing, Supercars, Earnings/Financials
Koenigsegg is in debt, but not circling the drain
There are a number of hurdles to overcome when playing to people's egos, adrenal glands and pocket books. When combing the three into a cohesive, four-wheeled package, the task is even more daunting. Although Koenigsegg has only been in the business for five years, it knows that troubles don't end when a fresh set of keys is handed to a customer and backorders fill the coffer.
According to a report in Sweden's Realtid, the exotic automaker owes over €240,000 to creditors and is seeking new investors to pay back the debt. Considering that Koenigsegg has already had to endure a production line move after fires consumed a facility back in 2003, we doubt that this particular problem will ail the automaker for very long. Also, the amount of debt converts to around $321,000 USD. If Koenigsegg is threatened by a debt that's smaller than the price of just one of its cars, then it's in worse shape than we thought.
[Source: Motor Authority]
Reader Comments (Page 1 of 1)
LowFuel 5:56PM (8/16/2007)
"worse" or "better"? This doesnt seem like much debt to me...
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Don 4:57PM (8/17/2007)
Exactly. For what their cars cost, all they have to do is sell one of 'em.
Ben H. 5:59PM (8/16/2007)
It depends on what kind of debt it is.
Bad debt is debt you have to pay yourself. Good debt is debt that other people pay for you.
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Michael 6:00PM (8/16/2007)
There are people with student loans greater than that...
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Nick 7:35PM (8/16/2007)
Sounds like it's almost time to get the job applications in to Ikea for the Koenigsegg staff. What the heck is a Swedish supercar anyway?
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vdk 8:29PM (8/16/2007)
Acceleration: 0-100 km/h (0-62 mph) 3.2 seconds
Top speed: 395+ km/h (245+ mph)
Standing Quartermile: 9.9 seconds, end speed 235 km/h (146 mph)
Braking distance: 31m (100-0 km/h)
Lateral G-force: 1.3 G
Aerodynamics
Cd. 0.3
That's what the Sweds can do buddy.
vdk 8:31PM (8/16/2007)
OOps!
Power output: 806 Bhp at 6.900 rpm
Maximum torque: 920 Nm (678ftlb) at 5.700 rpm.
Type: Koenigsegg V8 cast aluminium, 4 valves per cylinder, double overhead camshafts.
Displacement: 4.700 cm3
Compression: 8.2:1
Lubrication system: Dry sump with oil spray piston cooling.
Oil cooler.
Sequential, multipoint fuel injection. Twin Rotrex centrifugal superchargers with response system 1.2 bar boost pressure
Chassis
Semi monocoque made of pre-impregnated carbonfibre and honeycomb => weights next to nothing...
vdk 8:33PM (8/16/2007)
* weighs *
oh dammit...
Preston M 7:36PM (8/16/2007)
I will be glad to bail them out if they will give me a car in return for my good deed. I think that is more than fair.
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Jon 7:54PM (8/16/2007)
Haha, agreed. Wish I had $321,000.
Preston M 8:22PM (8/16/2007)
Oh, i dont either. But i also have no desire to have a Koenigsegg in my driveway. Simply put, i would be a very happy middleman.
Although i might want to take it to a highschool reunion.
Tired Watcher 11:09PM (8/16/2007)
Haha got to love people like "HECTOR" commenting at Motor Authority...=(
BTW, when is the CCGT going to compete in the FIA GT series?
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Knife-edge 10:37AM (8/17/2007)
The CCGT is planned to run at Le Mans in 08. It is homologized and ready to compete!
By the way, Koenigsegg (=Knife-egde in German) has gotten them selves out of much worse debt situations before and Christian and his co-owners are not only seeking a way out of debt, they are looking for strenght for the future too! That is why they are looking for investors.
BTW 2, the 806 bhp (US version, with EU fuel it brings approx. 850 bhp) is only the slow base version. The new CCXR, running on E85, will pop out >1000 bhp, = with a dry weight of 1185 kg, Bugatti Veyron (weight 1850 kg) will have to say good buy to the WR! 420-425 kmh (265 mph) is a likely result of this!
BTW 3: the complete carbon body and monocoque, including chassi w. integrated floorpanel, weighs some 125 kg. It is very light, I know because I have lifted one together with Christian himself!
Evotec 11:31AM (8/17/2007)
"By the way, Koenigsegg (=Knife-egde in German)"
Wtf are you talking about? im german and i never heard the koenigsegg word in german.
Und das meine ich ernst.
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