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Koenigsegg Agera One:1 heading for UK debut at Goodwood Festival of Speed

The Koenigsegg Agera One:1 is heading for Goodwood It was back in 2012 that we exclusively revealed the first official details of the Koenigsegg One:1, the most extreme car Koenigsegg has produced. Since then, Christian von Koenigsegg and his team have not only built the Agera One:1, but they managed to sell them all first at a price that makes grown men weep and officially revealed it back in February. Since then, Koenigsegg have been busy showing off the One:1 in a series of videos and giving the One:1 its first public outing at the Geneva Motor Show in March.

Fiat's Montezemolo plans to quit as chairman, sources say

Fiat S.p.A. Chairman Luca Cordero di Montezemolo will quit as company chairman to go into politics, three sources close to the company said. Montezemolo is set to stay on Fiat group's board, as well as remain chairman of the company's Ferrari sports car subsidiary.

Ford Mustang Shelby GT500 Super Snake, for the times when 540 hp just isn’t enough

There was little doubt that Shelby would not call it a day following the completion of the 2010 Ford Shelby Mustang GT500. After all, 540 hp just might not cut it for some Shelby faithful. So to take the 2010 GT500 to the next level, Shelby revealed the Super Snake package at the Mid America Ford and Team Shelby Nationals in Tulsa, Okla.