Koenigsegg in financial trouble

New reports coming out of Sweden say local supercar manufacturer Koenigsegg is in financial trouble, not being able to service its debts. According to Sweden’s Realtid, Koenigsegg owes its creditors the amount of €240,000 and is seeking new investors to help raise the necessary funds.

The company, which was formed in 1993, employs just 30 people and only delivered its first customer car in 2002. That following year it suffered a setback when a fire burnt production facilities to the ground, which led the owner and founder Christian von Koenigsegg to move operations to a former Swedish Airforce Base.
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I95SPEEDINGTICKETS - 8/16/2007 2:58:16 AM

+1 Boost

Is this some kind of a joke ?

All he owes is 240k Euros and he is in trouble ?

The Quality and Price of his vehicles and the Demand for them should make it Very Easy to shift the loan to another Lender.

ExigeOwner - 8/16/2007 9:06:48 AM

+2 Boost

If 240K is putting them in financial limbo they have far bigger problems then they would lead you to believe.

Mangeh - 1/4/2008 6:42:56 PM

+1 Boost

For those people reading this article I can assure you there is no reason to be alarmed. Being Swedish myself and following all related news regarding Koenigsegg first hand I can tell you the facts are not quite right here. Recently there was a interview with Christian von Koenigsegg in Swedish radio where the reporter asked him about this rumor that his company is in serious financial trouble. Christian told the reporter that the matter had been successfully resolved and they where moving forward and the order books for the CCX where full for at least until summer of 2009. Today Koenigegg is concentrating on the launch of the Special Edition of the CCX and CCXR due to be showed and delivered to the first customers on the 2008 Geneva auto show in march.
The origin and reason for this article is based on the fact that the fully owned Koenigsegg daughter company in Norway was being sued by a angry wealthy Norwegian CCX customer after he crashed his CCX one week after he took delivery of his CCX supercar. Koenigsegg daughter company in Norway offered him a new one but he insisted on the cash and Koenigsegg in Norway refused at first so he brought it up in court and demanded it to be held in bankruptcy. The layers from both parties (Koenigsegg HQ Sweden) settled a deal in witch both parties where satisfied. Neither Koenigsegg HQ Sweden or the Norwegian customer wants to give any further comments regarding exactly what the deal contained.