Koenigsegg builds second assembly line as demand for its megacars picks up

Very few boutique automakers achieve their goal of playing in the big leagues, but it looks like Sweden’s Koenigsegg has pulled it off. After unveiling two new cars at the Geneva Motor Show last March, the automaker has announced plans to double its annual production by building a second assembly line.

Don’t get the wrong idea, as Koenigsegg isn’t going to build thousands — or even hundreds — of cars any time soon. Right now, the company assembles between 10 and 15 cars a year, and the second production line that will be operational next year will allow it to churn out at least 25. The company’s cars are all hand-built from start to finish. And in following that process, it takes about 1,000 hours of work to paint a car and anywhere between two to three months to build an engine from scratch.

The extra production capacity is required as Koenigsegg steadily expands into new markets. About a year ago, the company returned to the United States after a brief absence and opened a dealership in New York City. It currently sells the Agera RS, a track-focused coupe powered by a twin-turbocharged 5.0-liter V8 engine that makes 1,160 horsepower, and the more extreme Regera, a megacar that uses a gasoline-electric hybrid drivetrain rated at over 1,500 horsepower and 1,475 lb-ft. of torque.

Both cars carry a base price of well over a million dollars, but even so, sales are starting to pick up, especially now that the Bugatti Veyron is out of production.

What’s next?
A third assembly line might be needed before the decade comes to a close. Company founder Christian von Koenigsegg recently revealed that a four-door model could be introduced in the next five years, and maybe even sooner. If built, Koenigsegg’s first-ever sedan would feature a lightweight body made out of carbon fiber, a highly-aerodynamic design and Bugatti-beating performance.

Mobile

Which smartphone manufacturers won and lost in 2018

As the curtain comes down on 2018, we take a look at the big successes and failures in the smartphone market over the last 12 months. Which phone maker had the best year, and who had a year to forget?
Cars

Mercedes-Benz will give the 2020 CLA a star-studded introduction at CES

Mercedes-Benz will introduce the new, second-generation CLA during CES 2019. The design-led member of Mercedes' compact car family will stand out with a fastback-like roof line reminiscent of the CLS and frameless doors.
Mobile

Why Honor’s new screen is the hole-y grail in quest to ditch the notch

Honor will release a smartphone with an in-screen camera in the new year, a trend which is gathering momentum in the industry. Honor said it has cracked the formula, and explains what's special about its All-View Display.
Computing

Microsoft’s Windows 95 throwback was just an ugly sweater giveaway

Microsoft's "softwear" announcement wasn't what we had hoped for. Thursday's announcement was not the new line of wearable tech or SkiFree monster sweater we wished for. But it did deliver the 90s nostalgia we wanted.
Cars

What’s next for in-car entertainment? Audi believes it knows

Audi is bringing two technologies to CES 2019. The first turns a car -- a luxury sedan, in this case -- into a drive-in movie theater. The second is presented as a new entertainment format that turns the journey into the destination.
Product Review

The all-new 3 Series proves BMW can still build a compelling sport sedan

Seat time in the entry-level BMW 330i ($41,425) and M340i xDrive ($54,995) will test the German automaker’s commitment to driving dynamics, powertrain refinement, and cutting edge technology.
Emerging Tech

Awesome Tech You Can’t Buy Yet: Booze-filled ski poles and crypto piggy banks

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!
Cars

California wants all-electric public bus fleet on its roads by 2040

California approved a regulation that targets an all-electric public bus fleet for the whole state by 2040. The effect of the full implementation of the regulation is equivalent to taking 4 million cars off the road.
Cars

1,000-mph Bloodhound supersonic car project finds a last-minute savior

The Bloodhound supersonic car (SSC) project has found a buyer. The project was going to be disbanded after running out of funds, but its assets were purchased by British businessman Ian Warhurst.
Cars

Ford’s prototype Quiet Kennel uses noise-canceling tech to keep dogs stress-free

Ford is ending 2018 by venturing into the doghouse market. The company's European division has built a kennel equipped with active noise-canceling technology and soundproof walls that help dogs sleep through fireworks.
Mobile

Car-branded phones need to make a U-turn if they ever want to impress

Your car and your smartphone are becoming one, yet smartphones branded or co-created by car companies are a problem. We look at the history, some examples of the best and worst, then share hopes for the future.
Emerging Tech

Self-driving dirt rally vehicle offers crash course in autonomous car safety

Georgia Tech's AutoRally initiative pushes self-driving cars to their limit by getting scaled-down autonomous vehicles to drive really, really fast and aggressively on dirt roads. Here's why.
Cars

The best compact cars pack full-size features in fun-size packages

The best compact cars on the market rival their counterparts in many ways, proving that bigger isn’t always better. Here, we've rounded up some of the better options available, including an SUV and an electric alternative.
Cars

Lincoln revives its coolest-ever design feature for limited-edition Continental

The 1961 Lincoln Continental became a design icon thanks to center-opening "coach doors" (also known as "suicide doors"). Lincoln is bringing those doors back for a special edition of the 2019 Continental.