Koenigsegg Automotive of Sweden Signs on Exotic Cars to Be Its Exclusive Car Dealer in the United States

Las Vegas, NV Feb 6, 2006; Koenigsegg Automotive AB, the Swedish supercar manufacturer, of Sweden has named Exotic Cars, located in the Forum Shops at Caesars Palace Las Vegas, to be the first and only dealer in the United States for its exclusive supercars. A version of the world's fastest production car is now on display in the Exotic Cars Showroom at Caesars Las Vegas.

Koenigsegg is the manufacturer of the CCR, the fastest production car in the world, with a top speed of over 250 mph. The U.S. version, dubbed the CCX, will be unveiled at the Geneva Auto Show at the beginning of March 2006. The 806 HP, 2200 pound carbon fibre supercar goes 0 to 62 mph in just 3.2 seconds, and runs the standing quarter mile in just 9 seconds at 146 mph.

"We couldn't be happier," said Richard Weisman, CEO of Exotic Cars. "In addition to being the fastest production car, it is also one of the most impressively engineered vehicles ever made."

Exotic Cars at Caesars Palace currently displays more than 40 vehicles with prices in excess of $1 million, including such exclusive lines as Ferrari, Lamborghini and Bentley. Thousands of people visit the two-story, 34,000-square-foot showroom each day.

Koenigsegg plans to deliver a limited number of cars during the first year, and orders are being taken on a first come, first served basis. The base price for this prestigious automobile is $650,000.