After a troubled development, and several serious delays Bugatti has been forced to admit defeat on its newest Supercar, the Veyron.
Parent company has decided to cut funding for further development of the car, which has had numerous problems.
The car was originally to have been fitted with an 8 litre W16, with four turbochargers, capable of producing 1001bhp, and capable of propelling the car to an amazing top speed of 250mph, beating the previous fastest production car, the 1993 McLaren F1, by 10mph.
However, after problems with the aerodynamics causing the car to become unstable at these high speeds, the top speed was revised to a still impressive 218mph.
The problems were not just limited to the aerodynamics though, there was insufficient cooling to the massive engine, and also difficulties putting the immense power and torque through its bespoke seven speed gearbox.
This sudden cut in funding has not caused too much concern for the company. We spoke to a Bugatti insider who spoke of the revisions in an untroubled manner:
"Well, obviously we had to make the car reliable, otherwise it will not sell.
What the revisions have done is simplified the powertrain, letting us produce a more tame, but still, we think impressive car.
The main revision has been to replace the W16 with an old 1.0 four cylinder engine that was lying around in one of the store rooms. This has solved the cooling and transmission problems, but has led to a slight reduction in performance figures." Said the source looking rather embarrassed.
"To make up for the loss of power, we decied to re-think the chassis, and the end result is a light weight car, using some of the cheapest, I mean lightest, materials around. We also decided to replace the old styling with something more conventional, rather than the slightly ostentatious look of the original concept, which none of us were really happy with."
Bugatti have strongly denied allegations that they have simply "painted an old VW Polo a funny colour", saying that the car offers unrivalled luxury and performance.
Potential customers are said to be somewhat "dissapointed".
A new Bugatti, looking rather silly, yesterday.