French high-performance car-maker Bugatti has confirmed its upcoming car name as Chiron. It will replace the current Veyron high-performance sports car in the portfolio.

The name Chiron came after Louis Chiron, a racer who won all the major grand prix for the brand in the 1920s-30s. Bugatti claims the driver's name is more closely connected with the history of the company than any other racer's. The world premiere of the new super sports car from Molsheim in France is planned for the 86th Geneva Motor Show in March 2016.

With Chiron, Bugatti will continue to produce the world's most powerful, fastest and most luxurious production super sports car. The Bugatti Chiron is currently being shown to selected customers more than 100 orders have already been received.

The specifications have not been officially released yet. However, it will be higher than the Veyron, which itself is one of the fastest cars in the world. Industry reports say the Chiron will use a W16 8.0-litre engine with four turbo that develops 1,479bhp and 1,500 Nm of torque channelled to the tyres via a seven-speed DSG transmission. The model is expected to hit 100 kmph in a just 2.3 seconds before topping out at 480kmph, which will set a new record.

Like the Veyron, the production of the Chiron is expected to be limited 450 units, and it will rival the Pagani Huayra, Hennessey Venom GT and Koenigsegg One:1.

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