It’s official – the long-awaited replacement of the mighty Bugatti Veyron has been christened the Bugatti Chiron, and it will make its official debut at the 2016 Geneva Motor Show in March. Molsheim’s claims for the new hypercar is nothing short of monumental – it promises it will be the “world’s most powerful, fastest, most luxurious and most exclusive production super sports car.”

The car is named after racer Louis Chiron, who drove for the Bugatti team in the 1920s and 1930s and won several grands prix, and whose name is inextricably tied to the brand. It’s not the first car to be called the Chiron, however – there was also a Bugatti 18/3 Chiron concept car, unveiled in 1999.

“The development brief for the Chiron can be summarised in one sentence and is probably the shortest in the history of the automobile: we want to make the best significantly better,” said president Wolfgang Dürheimer. “The Chiron will set new standards in every respect.”


Bugatti Vision Gran Turismo concept

Reports suggest that the Chiron will be powered by a heavily revised version of the Veyron’s 8.0 litre quad-turbo W16 engine, pushing out a slightly absurd 1,500 PS and 1,500 Nm. Sent through a seven-speed dual-clutch transmission to all four wheels, it’s expected to rocket from 0-100 km/h in just 2.3 seconds before hitting a downright ridiculous 500 km/h – 75 km/h faster than even the most powerful Veyron Super Sport.

The styling of the Chiron is said to be inspired by the Bugatti Vision Gran Turismo concept shown above, a claim that seems to hold up based on spyshots of Chiron mules. Production is rumoured to be capped at 500 units, with prices expected to cost a cool £1.6 million (RM10.2 million), some 70% higher than the “base” Veyron at launch.

GALLERY: Bugatti Vision Gran Turismo concept