Koenigsegg

Koenigsegg Automotive AB (Swedish pronunciation: [ˈkøːnɪɡsɛɡ]  (listen), English: /ˈkʌnɪɡsɛɡ/) is a Swedish manufacturer of high-performance sports cars based in Ängelholm. In 2009, the company announced they would purchase Saab Automobile from General Motors;[1] however, this deal was later scrapped.[2]

The company was founded in 1994 in Sweden by Christian von Koenigsegg, with the intention of producing a world-class supercar. Many years of development and prototyping led to the company's first street-legal production car delivery in 2002.

Norwegian designer and entrepreneur Bård Eker bought a 45 percent share in the company in late 2005, and is currently the largest owner with 49 percent. Christian von Koenigsegg owns 18 percent, and the balance of the stock is held by some 90 small investors.

In 2006, Koenigsegg began production of the CCX, which uses an engine created especially for that vehicle. The CCX is street-legal in most countries, including the United States.