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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.

New Porsche SUV could be called Cajun

Volkswagen AG CEO Martin Winterkorn said a new Porsche small SUV will be brought to market soon as part of plans to expand the sports car brand's lineup to boost sales. Winterkorn said Porsche will get "a new SUV, a smaller brother to the Cayenne which might be named Cajun." He was speaking in an interview with German magazine Der Spiegel that was published Monday. Volkswagen is taking over Porsche Automobil Holding SE's carmaking operations as the companies build on a partnership that includes sharing vehicle platforms.

GM, SAIC to develop electric cars in China

General Motors will work with its joint-venture partner, Chinese carmaker SAIC Motor Corp., to develop parts and vehicle platforms for electric cars, the companies said on Tuesday. The automakers will use their existing joint venture in Shanghai, the Pan Asia Technical Automotive Center, as the home base to develop the electric car--aimed primarily at the Chinese market. GM says it plans to use the platform, components and technology from the project to build electric cars around the world for various markets.