Folks of ordinary income can't afford to own a Bugatti, but even some millionaires would not be able to own this Bugatti. The French automaker unveiled "La Voiture Noire" on Tuesday, and at $12.5 million, it has the distinction of being the most expensive new car in history, reports Fortune. The company made only one, and it has already sold to an unnamed buyer, though CNBC cites industry reports that identify him as Volkswagen Group chief Ferdinand Piech. (Volkswagen now owns Bugatti.) After taxes are factored in, CBS News reports that the final cost is actually closer to $18.9 million.
Bugatti made the vehicle—the name translates to "The Black Car"—to mark the company's 110th anniversary and unveiled it at the Geneva International Motor Show. So how fast can the "hypercar" go? That's unclear, but it's based on a different Bugatti model that reaches speeds up to 261mph. Jalopnik has more on the specs: "It has a hand-built carbon fiber body and the same bonkers quad-turbo 8.0-liter W16 engine as the Chiron and Divo, rated at about 1,500 horsepower." No shots of the interior were provided. (In other car news, Volvo is capping speeds on its new vehicles.)