Koenigsegg DefinitionSource (google.com.pk)
The initial design of the Koenigsegg CC was drawn by Christian von Koenigsegg. He then took his sketches to Industrial Designer David Crafoord in order for him to realize the sketches into a 1:5 scale model. David then laid his personal touch to the design brief and finished the model. This model was later scaled up in order to create the base plug for the initial Koenigsegg prototype that was finished in 1996. During the next years the prototype went through extensive testing and several new prototypes were built.
Von Koenigsegg got the idea to build his own car after watching the Norwegian stop-motion animated movie Pinchcliffe Grand Prix in his youth. However, he took his first steps in the world of business in his early 20's running a trading company called Alpraaz in Stockholm, Sweden. Alpraaz exported food from Europe to the developing world. The success of this venture gave von Koenigsegg the necessary financial standing to launch his chosen career as a car manufacturer.
Initially, Koenigsegg Automotive was based in Olofström. In 1997 the company needed larger facilities and moved to Margretetorp, just outside of Ängelholm. However, on 22 February 2003, one of the production facilities caught fire and was badly damaged. From 2003 and on Koenigsegg has converted two large fighter-jet hangars and an office building into a car factory. Since the factory is located on the still-active Ängelholm airport, clients can arrive by private jet next to the factory. Furthermore, Koenigsegg controls and uses the former military runway for shakedown runs of production cars and high speed testing.
The Koenigsegg badge was designed in 1994 by Jacob Låftman, based on the shield of the Koenigsegg family. The shield has been the family's coat-of-arms since the 12th century when a family member was knighted by the German-based Holy Roman Empire. The phantom insignia on the Koenigsegg's rear window is a tribute to the first squadron ("Johan Röd") from the now closed Swedish air force wing F 10 Ängelholm, which had the ghost as its emblem.
Attempted purchase of Saab
On 11 June 2009 the media reported that Koenigsegg Group, consisting of Koenigsegg Automotive AB, Christian von Koenigsegg, Bård Eker and a group of investors had signed a letter of intent with Saab to take over the brand from General Motors. General Motors confirmed on June 16 that they had chosen Koenigsegg Group as the buyer of Saab Automobile. The deal, set to close 30 September 2009, included US$600 million in financing from the European Investment Bank, guaranteed by the Swedish government. By comparison, in 2008 Koenigsegg with its staff of 45 produced 18 cars at an average price of US$1 million each; Saab employed 3,400 workers and made more than 93,000 cars.
General Motors announced on August 18 that the deal had been signed although certain financing details remained to be completed. On 9 September 9, 2009, Koenigsegg announced that BAIC was going to join as a minority stakeholder in Koenigsegg.
In November 2009 Koenigsegg decided not to finalize the purchase of Saab and therefore left the negotiations. The reason for the withdrawal was that the take over was planned to have been finalized in early Autumn, and at the end of November it was clear that the deal still had some time left before it could be concluded. The timing uncertainty of finalization of the take over was the reason Koenigsegg stated for leaving the deal.