View Full Version : Koenigsegg in debt


JessePS
08-16-07, 03:45 PM
There are a number of hurdles to overcome when playing to people's egos, adrenal glands and pocket books. When combing the three into a cohesive, four-wheeled package, the task is even more daunting. Although Koenigsegg has only been in the business for five years, it knows that troubles don't end when a fresh set of keys is handed to a customer and backorders fill the coffer.

According to a report in Sweden's Realtid, the exotic automaker owes over €240,000 to creditors and is seeking new investors to pay back the debt. Considering that Koenigsegg has already had to endure a production line move after fires consumed a facility back in 2003, we doubt that this particular problem will ail the automaker for very long. Also, the amount of debt converts to around $321,000 USD. If Koenigsegg is threatened by a debt that's smaller than the price of just one of its cars, then it's in worse shape than we thought.

(Courtesy of Autoblog)

:cry::cry::cry:

Toyota just buy them.

PhilipMSPT
08-16-07, 04:11 PM
Yeah, right... :rolleyes:

bitkahuna
08-16-07, 07:51 PM
That debt is very small. But a 'boutique' auto maker's road is very hard, particularly complying with regulations in each country they sell in, plus finding dealers that do a decent job representing the brand, and of course, making a product that's not only appealing enough (no problem there) but reliable enough that warranty problems don't eat you up.

XeroK00L
08-16-07, 07:57 PM
€240,000?? That's like what...half the price of a CCR or CCX?:uh: Just sell your demo car or something to pay your debtors.:egads: Is their money really THAT tight?:dunno:

O. L. T.
08-16-07, 11:47 PM
the amount of debt converts to around $321,000 USD. If Koenigsegg is threatened by a debt that's smaller than the price of just one of its cars, then it's in worse shape than we thought.

I know people down the street with meager homes in debt for more than that, much less an exotic sports car company. W-T-H?

DzaztrBUSE
08-17-07, 05:20 PM
If it were that easy to sell a car to cover debt Im pretty sure they would have already done it. You have to think about all the money that they used for everything that has lead up to the final products. I think their profit margins may be a little under than what is needed to get out of the hole. It would be a shame if they did go under though.

2JZ_SC
08-17-07, 06:26 PM
In the words of Silent Bob “I got nothing”