A luxury vehicle provides increased levels of comfort, equipment, amenities, quality, performance, and status relative to regular cars for an increased price.. The term is subjective and reflects both the qualities of the car and the brand image of its manufacturer. Luxury brands rank above premium brands, though there is no fixed demarcation between the two.The company was founded in 1994 in Sweden by Christian von Koenigsegg, with the intention of producing a worldclass sports car.Many years of development and testing led to the CC8S, the companys first streetlegal production car which was introduced in 2002.. In 2006, Koenigsegg began production of the CCX, which uses an engine created inhouse especially for the car.
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