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Koenigsegg One:1 officially revealed – it’s not a Supercar, it’s a MEGACAR

The Koenigsegg One: 1 (pictured) officially revealed ahead of Geneva Cars UK exclusively revealed the first details of the Koenigsegg One:1 back in November 2012, and now it’s heading for its public reveal at the Geneva Motor Show next week. So extreme is the One:1 that Christian von Koenigsegg has dubbed it ‘The world’s first MegaCar’, and looking at the specification he may have a point (it has 1 Megawatt of power). The Koenigsegg One: 1 produces a massive 1340 hp and over 1000lb/ft of torque an weighs 1340kg – the world’s first 1:1 power to curb weight ratio supercar – enough to deliver 2G cornering capability together with 610KG of downforce at 160mph thanks to active under and over body aerodynamics.

RM Meadow Brook auction tallies $5.4 million

A 1935 Auburn 851SC Boattail Speedster led the way at an auction held in conjunction with the Meadow Brook Concours d'Elegance, selling for $462,000 as the event raked in a total of $5.4 million. The Auburn was intricately restored and just the ninth version built. It was originally a show car at the Chicago auto salon.

General Motors recalls another 8.4m cars

Associated Press General Motors has recalled a further 8.4 million cars as part of an ongoing investigation into a fault that causes the ignition key to turn unintentionally. Almost 30m cars across the US, Canada and Mexico have now been recalled by General Motors in 2014. Approximately 3,500 people are making claims for death or injury The recalls affect cars made as far back as 1997, but the American car maker insists that there is no conclusive evidence that faults with the cars caused crashes involving the vehicles.