The news comes from the same interview with German newspaper Bild am Sonntag where Volkswagen Group chairman Martin Winterkorn also confirmed that the brand will launch its long anticipated budget brand.
"Next to the petrol model there will be a hybrid version with added performance for the first time," Winterkorn told Bild.
Autocar reports that the new car will utilise a heavily updated version of the current car’s 8.0-litre quad-turbo W16 engine with power outputs said to be around the 1,500hp mark. As a comparison, the fastest version of the Veyron known as the Super Sport packs 1,183hp and 1,500Nm of torque and is the fastest production car in the world at 431 km/h.
Further details are scarce at the moment although a Bugatti insider told Autocar that five developmental prototypes based on the existing car is being used for testing purposes with different powertrain combinations and other solutions which the new car will adopt.
As for its name, ‘Chiron’ seems to be the one which crops up the most and points to the name of a Monaco-born racer Louis Chiron. However, whether the final production adopts it remains to be seen.