Bugatti's CEO has shed some light about the company's plans now that production of the Veyron has ended.

Speaking to Car & Driver at last week's Quail event, Bugatti CEO Wolfgang Dürheimer announced the Veyron replacement will have a higher top speed which means the new model - tentatively known as Chiron - will be able to surpass the 258 mph (415 km/h) achieved by the limited-run Super Sport World Record Edition which was actually electronically limited as the unrestricted version managed to hit 267 mph (431 km/h).

He went on to specify the new model will have upgraded brakes and it will provide better drivability and usability on the track. When asked about the criteria considered for the new model, Dürheimer said they want to "do it much better" than the Veyron which recently went out of production after 10 years and 450 cars, with the last one being appropriately named La Finale.

Bugatti's CEO said the company is and must remain "ultra-sharp" which is why they will only focus on "supersports cars" that by definition have only two seats, so an SUV is not on the agenda. In addition, a production version of the stunning four-door, eight-piped 2009 16 C Galibier concept is also not planned because it doesn't fit with the marque's image.

Gallery: Bugatti says Veyron successor will have higher top speed; SUV and sedan ruled out

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