Bugatti President Dr. Wolfgang Schreiber has revealed some new details about the next-generation Veyron.

Bugatti President Dr. Wolfgang Schreiber has revealed some new details about the next-generation Veyron.

Speaking to Autocar, Schreiber said the "The Galibier is officially dead. We won’t do it." However, he went on to say there will be "a second-generation Veyron with more power.”

Schreiber declined to elaborate but has previously said the model is already under development and will "redefine the benchmarks" set by the current car. There's no word on specifications but the executive has been skirted the hybrid rumors and said the "all the next Veyron has to worry about is... the current one."

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Bugatti President says the next-generation Veyron will have more power