The Bugatti 16 C Galibier super-saloon concept is poised to be given the green light for production, following positive reaction to the concept car.
The Galibier has been on tour since last September, visiting Bugatti customers, the media and motor shows as Bugatti assesses its suitability as a replacement for the Veyron. Production of the hypercar will end in 2012.
A decision on the Galibier had been expected this spring, but Bugatti’s position as the smallest of VW’s brands has meant it has had to wait its turn for Group funds. Each of the 300 Galibiers earmarked for production from 2013 is expected to retail for around £900,000.
Despite this high price, the funds required for development are small within the context of the group. But VW is currently trying to raise around €4bn (£3.6bn) in a share sale and has frozen any announcements on new products. It is worried that committing to a new Bugatti model will have an adverse effect on its attempts to raise the funds.
The reaction to the car has been overwhelmingly positive and Bugatti insiders claim there is now a strong will within the Volkswagen Group to make the car. It is almost certain to be signed off for production this summer after the share sale has ended.
“It will be made one way or the other,” said one insider. “We’re the smallest VW Group member and there’s a recession on so we’ve not been a priority.
“But we can expect to announce something by the summer; it looks good, people like it and it wouldn’t be a great financial commitment in the context of the Group.”