Veyron 2016: Bugatti Replaces Veyron with Chiron -- 3 Things To Know

The "world's fastest car" will soon be unveiled to the world in just a few months. The Bugatti Chiron is expected to debut in "Geneva Motor Show" in March of 2016.

Ever since the company dropped the Veyron tag, several people have been waiting impatiently for the next Bugatti car that will replace its mighty predecessor.

The company has already confirmed its arrival in March. The French car company claimed that the Chiron will be the most powerful and most luxurious production car in the world -- not to mention the company's reputation of making the fastest cars, Motor Authority reported.

Bugatti is expected to build around 500 units of Chiron, which is a little more than its forerunner, the Veyron -- which sold 450 including its other variants. The company already revealed it has taken over 100 orders of the new model, the news portal added.

According to motoring news magazine Top Gear, the new Chiron may have at least 1,400hp, with a minimum top speed of 270mph.

It was reported before that Bugatti lost a lot of money during their testing stage of the Veyron. Critics are now wondering how the new Bugatti Chiron will par with the older Veyron. However, the company's president, Wolfgang Durheimer, said that they will do the best that they can to come up with a better car.

"The development brief for the Chiron can be summarised in one sentence and is probably the shortest in the history of the automobile: we want to make the best significantly better," Dürheimer said. "The Chiron will set new standards in every respect," he added.

According to Motor Authority, Louis Alexandre Chiron was a Bugatti race car driver in the late 1920's to 1930's. Born in Monaco, Chiron started his career with Bugatti in 1928 and won several races including the Monaco Grand Prix. The company really pays homage to their race car drivers as the Bugatti Veyron was also taken after Pierre Veyron, a famous racer who rides for them in the past.

Louis have also raced for other car manufacturers during his racing career. However, it was with Bugatti where he gained his popularity. He was also the oldest individual to ever race in an F1 competition at 56 in Monaco, 25 years after winning his first and only signature race. He eventually called it quits in 1958, according to the news portal.