Woodbridge auto auctions, the largest car auction in the country, has announced that it has acquired the rights to build a supercar, which could be the world’s most powerful.
The automaker is expected to begin building the Koenigsegg Agera at the end of this year, which it will be known as the Koenigsberg Agerat.
The Koenigsberger Ageri, or Koeniggersberg, is expected as soon as 2019.
Woodbridge said it plans to build the supercar with the aid of German engineering partner SAAB.
It will also be powered by a six-cylinder, twin-turbocharged 3.0-liter V8 engine that generates around 350 hp (180 kW) and 400 lb-ft of torque.
The Agero has a curb weight of 1,050 kg (2,150 lbs) and a range of more than 3,000 km (2.5-mile-per-hour).
The Koenigsberg is expected for an estimated price of $1.4 billion.
Woodford, who is the chairman and chief executive officer of the company, said the Ageras will be able to drive at speeds of up to 180 km/h (130 mph) and will have top speeds of more that 200 km/hour (124 mph).
The supercar will be powered through an 8.4-litre V8.