Bugatti will unveil its new production sports car Chiron at the Geneva International motor Show 2016.
The company claims Chiron to be one of the fastest production sports cars ever, with a top speed of 420km/h. The sports car manufacturer from Molsheim, France says that Chiron can accelerate from 0-100km/h in less than 2.5 seconds.
Only 500 units will be produced and the minimum price for each unit is €2.4m.
Bugatti Chiron has an 8 liter W16 (16 cylinders) engine with two stage turbocharging which produces power output of 1500hp and 1600Nm of torque between 2000 and 6000rpm.
The company also says that the car is equipped with engine cooling as well as brake cooling to improve efficiency.
Bugatti Automobiles president, Wolfgang Dürheimer said: "It is part of human nature to cross boundaries and set new records - to run 100 m faster than ever before, to fly even further into space and to enter new realms."
"This striving is also our driving force at Bugatti.
"The Chiron is the result of our efforts to make the best even better."
Aerodynamically designed car weighs slightly less than its predecessor, with the use of carbon-fiber frames.
Bugatti had also fitted Chiron with airbags made from carbon fiber housing.
Dürheimer added: "The Chiron is the quintessential ultimate super sports car: ultra-modern, incredibly fast, agile and powerful with a stylistically demanding design and the highest possible levels of comfort."
"This combination is not offered by any other market player and gives Bugatti its unique market position."
"With the Veyron, they have the best production sports car of the past 10 years," Dürheimer said.
Image: Bugatti Chiron. Photo: Courtesy of Bugatti
