The Bugatti Chiron is a go, the name has been confirmed and it will be launched at the 2016 Geneva Auto Show. it will be “the world’s most powerful, fastest, most luxurious and most exclusive production super sports car.”

Despite the ongoing Diesel scandal VW is forging ahead with this car. There has been much speculation that the hypercar could be killed off by parent company Volkswagen. Well it’s not.

The Chiron will cost a reported $2.4 million at launch for a base-spec model, which is almost $1 million more than the current Veyron. Once the roadster and special editions are offered this number will only increase. Apparently more than 100 prospective clients have already placed deposits.

The Numbers

The Chiron features a reliable 16-cylinder engine arranged in the well-known W layout, with power expected to be around 1500 metric horsepower, aiming to break records for acceleration and top speed among production cars. It keeps the carbon fiber body frame, independent suspension, and 4WD system, all managed by a strengthened, quicker-shifting seven-speed dual-clutch transmission.

Engine Quad-turbo 8.0-litre W16
Power 1,480 hp
Torque target 1,106 lb-ft
Projected top speed 288 mph
0-62 mph time 2.3 sec

Potential buyers of the new Bugatti supercar have already seen the Chiron at the company’s upscale headquarters in Molsheim, eastern France. Molsheim is where the Bugatti family is from, the brand was born, and the company’s current headquarters is located. Nestled in the Alsace region of France, Molsheim is where Bugatti’s remarkable history began in 1909, when it started producing cars that created a huge buzz. The new Chiron seeks to uphold that legacy.