Last week, at the Geneva Motor Show, all eyes were on the latest high-performance supercar from Bugatti. As the firm itself (im)modestly puts it, the Chiron is simply the world’s “most powerful, most luxurious, most exclusive-production super sports car”.

Till now, French-owned Bugatti, which is part of Volkswagen, was manufacturing only four models, all variations of its signature Bugatti Veyron, introduced in 2005. The Guinness Book of Records in 2013 named the Veyron Super Sport the world’s fastest production car. But it seems the time has come for the Veyron to move over.

Bugatti is now shifting gear to bring in the Chiron era, thanks to completely new development technology. According to Bugatti President Wolfgang Durheimer, the Chiron is ” the result of efforts to make the best even better.” The newest Bugatti is more powerful and faster than its predecessor, and of course, the price tag, with a base of $2.6 million, is higher too.

Equipped with an 8-liter, 16-cylinder engine that uses four turbo engines to produce 1500 HP and 1180 lb-ft of torque, the Chiron’s top speed for road use will cap at an astounding 420km/h.

Bugatti will be releasing just 500 cars in the first batch of Chirons – a third of which have already been sold and will be ready for delivery this fall.

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