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Koenigsegg Agera One:1 is world’s first “megacar”

Even in a world recently introduced to the Ferrari LaFerrari  (sold out), McLaren P1 (sold out) and Porsche 918 Spyder (er… ) hypercars, boutique Swedish supercar maker Koenigsegg has just made an extraordinary announcement. At the 2014 Geneva Motor Show, it will reveal the Agera One:1 – which Koenigsegg has dubbed the world’s first "megacar". Thing is, having looked at the spec, we believe it.

Saturn has interested buyers, GM says

Saturn is attracting interest from a "few" parties that might want to acquire the brand, a General Motors spokesman said Thursday. GM has hired Steve Girsky, formerly senior auto analyst for Morgan Stanley, to help advise on any possible Saturn deals. Saturn spokesman Steve Janisse said, "There is interest from investors in doing a spinoff, and there are other entities interested in just buying it." He said he does not know whether the interested parties are other automakers.

BMW M3 coupe gets stripped down to go club racing

BMW's M division is back in the business of building specialty street-legal race cars with a new lightweight version of the M3 called the GTS. The lightweight coupe, set to go on sale in early 2010 at a yet-undisclosed price, was conceived as a limited-edition model primarily for club-based racing in much the same way that Porsche builds the 911 GT3 Clubsport. But in a clear effort to link its track-based activities with the production-car side of its business, BMW's M division is offering the new car with a homologation package that will allow customers to register the M3 GTS for street use.