CNN reports that VW's latest Bugatti venture, a 1,001HP W16 4 Turbo monster of a car has gone from drawing boards to reality. I have been tracking this car for several years now and it's great to hear that this car is going production. I would love to see it at a car show eventually. However, it is going to cost about 1.24 Million each!

Each Bugatti Veyron 16.4 will cost an estimated 1.24 million, according to media reports. For that, buyers will get an all-wheel-drive two-seat sports car with a lightweight carbon-fiber body and 16-cylinder engine capable of producing 1,001 horsepower. In 2003, according to Automotive News, the car still suffered from two major problems: The enormous engine tended to overheat and the car, capable of top a speed of well in excess of 200 miles per hour, was unstable at high speeds. Several reports have placed the car's top speed at about 250 miles per hour. Source: CNN