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Koenigsegg's detailed crash report is out. This is what it happened.

Koenigsegg was testing for a possible record run. The test didn't end well.

The 1322hp One:1 needs to do it in less than seven minutes.

The 1322-horsepower One:1 has been spotted on the Nordschleife, and could take the Nurburgring lap time crown.

With all six customer examples sold, Koenigsegg is refurbishing its own factory prototype of the Agera One:1 and offering it up for $6 million.

Despite noise restrictions and a busy track, the Koenigsegg One:1 managed to whittle its own lap record at the Spa-Francorchamps circuit down by another second.

Four years after taking the record for the fastest 0-300-0 km/h run with the Agera R, Koenigsegg has reinforced its claim on the throne with the more potent One:1 megacar.

Few bragging rights are as hotly contested as Nürburgring lap times. Things have gotten so heated, in fact, that automakers have started slicing up the pie even finer: who makes the fastest sedan ever to lap the Norschleife, who the fastest front-driver, the fastest this and the fastest that. But the ultimate bragging rights still belong at the top of the leaderboard for the fastest street-legal production car. And now another exotic automaker is throwing its hat in the ring.

Volvo Trucks thinks that its latest FH semi truck has a little sports car DNA mixed in with the ability to haul heavy loads thanks to its novel dual-clutch gearbox. And the company's marketing department certainly has an intriguing strategy to get the word out about the big rig's sporty traits. First, it staged a prank on an unsuspecting valet on the Italian Riviera, and now the FH has lined up a track battle around the Knutstorp racetrack against Sweden's ultimate supercar – a Koenigsegg

Ill news from our spy shooters at Germany's Nürburgring today, as we're saddened to report that the test of a Koenigsegg Agera R-based mule has gone very wrong.

If this seems crazy (and awesome), that's because it is. According to Bloomberg Businessweek, Koenigsegg is planning a car called the One:1 – as in, one horsepower per pound kilogram. Head honcho Christian von Koenigsegg describes this new hypercar as a "money-is-no-object venture" for a dealer in China.

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