Advertisement
Australia markets closed

  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     

  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     

  • AUD/USD

    0.6421
    -0.0004 (-0.07%)
     

  • OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD

    2,406.70
    +8.70 (+0.36%)
     

  • Bitcoin AUD

    100,305.42
    +1,330.22 (+1.34%)
     

  • CMC Crypto 200

    1,334.09
    +21.46 (+1.64%)
     

  • AUD/EUR

    0.6023
    -0.0008 (-0.13%)
     

  • AUD/NZD

    1.0893
    +0.0018 (+0.17%)
     

  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     

  • NASDAQ

    17,037.65
    -356.67 (-2.05%)
     

  • FTSE

    7,895.85
    +18.80 (+0.24%)
     

  • Dow Jones

    37,986.40
    +211.02 (+0.56%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

Bugatti builds $25m one-off hypercar for former boss

Lucy Dean
The Chiron Sports, upon which the $25 million hypercar is rumoured to be modelled. Image: Bugatti
The Chiron Sports, upon which the $25 million hypercar is rumoured to be modelled. Image: Bugatti

The former chairman of Volkswagen, Ferdinand Piëch is set to receive what could possibly be the world’s best farewell gift.

A one-of-a-kind, $25 million supercar – and it’s named after himself, according to reports on TheSuperCarBlog.com.

The car will most likely be based on the luxury sports car by the same manufacturer, the Chiron Sport, according to Cars Guide.

The one-of-a-kind vehicle will be revealed at the 2019 Geneva International Motor show, along with another 20 special-edition 110Ans Bugatti’s – also based on the Chiron Sport.

Bugatti will give Piëch the car to thank the former chairman for bringing Bugatti and Volkswagen together back in 1998, the TheSuperCarBlog.com reported.

ADVERTISEMENT

Piëch is credited with rescuing Volkswagen from the edge of bankruptcy, engineering the first permanent all-wheel drive for road-going cars and the first five-cylinder gasoline engine.

He also set an ambitious goal of a road-going car capable of hitting 300mph (483km/h).

However, he left the company in disrepute in 2015 after a power struggle and Dieselgate, which saw Volkswagen lose $30 billion, after the United States Environmental Protection Agency (EPA) found Volkswagen had fitted cars with software designed to detect test conditions and cut its emissions to improve results.

Make your money work with Yahoo Finance’s daily newsletter. Sign up here and stay on top of the latest money, news and tech news.

Now read: Back from the dead: Toys ‘R’ Us set to stage an Australian comeback

Now read: Buyer beware: These are Australia’s 16 worst-performing suburbs

Now read: Bank bosses will face public grillings