Last year the Nurburgring's overseers decided to place speed limits on certain parts of the track to reduce the risk of injury and death to both drivers and spectators. To the average enthusiast this didn't matter much because the speed limits still allowed them to go as fast as they dared, which isn't as fast as a racing driver or factory driver. Indeed, the only people who really cared were professional racing drivers and automakers itching to make history with record-breaking lap times.

One of these automakers was Koenigsegg, which had its parade rained on when the speed limits went into place. Now that the limits have been lifted the Swedish automaker has said that it will be back on the track and may go for a record run. If so the target is the Porsche 918's sub-seven minute record time of 6:57. The 918 weighs 3,600 pounds and has 887 horsepower coming from a 4.6-liter V8 that's aided by two electric motors. Meanwhile the Koenigsegg One:1 features a turbocharged 5.0-liter V8 making 1,341 hp and 1,011 lb-ft of torque and weighs just 2,992 pounds. Porsche may be the bigger automaker, but with the One:1's impressive performance figures we may have a new lap champ.

You'd think that with the speed limits lifted Christian Von Koenigsegg would hit the track as fast as a kid who just got their license tries to hijack the family car. According to the automaker's blog that's not the case. Koenigsegg still needs time to practice with a driver who not only knows the Nurburgring like the back of their hand but who also is acquainted with the One:1 to the point where they know its limits. Over the next few months the Koenigsegg team will be practicing with the car on closed private track days before a record run is attempted. Until then we'll probably have to make do with cool YouTube videos of the powerful Swedish hypercar ripping around the track.