New details are starting to emerge about the highly anticipated Bugatti Veyron replacement likely to be called “Chiron.”

The Bugatti Veyron came out way back in 2005 so obviously the engineers are hard at work on its successor which will be better in just about every single way. Although it will retain the enormous W16 8.0-liter quad turbo engine, output will be bumped from the Veyron Super Sport's 1,200 HP (882 kW) to somewhere in the region of 1,500 HP (1,103 kW) while torque will remain at 1,500 Nm (1,106 lb-ft).

Automobile Magazine says the additional power will be possible by using at least two electrically-powered turbochargers, with the power of the engine being channeled to both axles through a tweaked dual-clutch seven-speed gearbox. The additional oomph will allow the Chiron to hit a maximum speed of 288 mph (463.5 km/h), thus making it quicker than the unrestricted Veyron Super Sport which established a 268 mph (431 km/h) land speed record for a production car. Speaking of the Veyron SS, the production version was electronically limited to 258 mph (415 km/h).

Getting back to the Chiron, the report states a 0-62 mph (0-100 km/h) run in less than 2.5 seconds and carbon ceramic brakes to stop the beast efficiently. Other goodies on the menu include active air deflectors, huge rear wing while the overhauled interior will boast a speedometer going all the way up to 500 km/h (310.7 mph). It is believed 92 percent of the Chiron's components will be either new or massively reworked.

As a final note, we remind you VW Group's design chief Walter de Silva described Bugatti's upcoming model as "more than" just a Veyron replacement. He also said it will be a "piece of art" and the firm has put 'a lot of effort in the technology to "redefine the benchmarks" with a supercar that has been in development over the last four years. The car will be previewed towards the end of next year before being introduced sometime in 2016.

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