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Bugatti boss Dr Franz-Josef Paefgen has said that the company will replace the Veyron supercar around 2012 with another ultra high-end model.

The confirmation confounds previous speculation that Bugatti would be wound-up when Veyron production comes to an end.

“We will be staying on top of everybody else and we will not be producing a smaller, or cheaper car and we will not be moving volumes up. Bugatti customers are very extreme people,” he told Autocar.

Paefgen said that Bugatti hasn’t finally decided on the new model. One high-level source told us that the company was considering a second model line possibly a luxury saloon to rival the Rolls-Royce Phantom. He also told us that advanced biofuel technology was being considered and even diesel.

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Hot News: Bugatti Plans Veyron Replacement

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