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Bugatti previews enigmatic new car ahead of Monterey debut

Bugatti will travel to The Quail, a Motorsports Gathering, with a surprise up its sleeve. The French company released a short video that previews a mysterious new model on its social media channels, but the 12-second teaser film asks more questions than it answers. Let's start with what we see: The video zooms in on four horizontal LED strips that look like they're either a headlight or part of one. If we're indeed looking at a headlight, the new model seemingly steers clear of borrowing styling cues from the Chiron, which wears horizontal units. Deciphering the various hashtags isn't much help. Bugatti titled the video "Unlock an Icon" and hinted that it's "#OpeningUpNewHorizons." UNLOCK AN ICON 19 AUGUST 2022 | 10:20 PST (17:20 GMT) THE QUAIL, A MOTORSPORTS GATHERING#BUGATTI #MontereyCarWeek #TheQuail@TheQuailEvents pic.twitter.com/NP0v0AF2CS — Bugatti (@Bugatti) August 15, 2022 As for the rest, well ... your guess is as good as ours. Whatever we're looking at, it will be the first new Bugatti model since Croatia-based Rimac took over the brand in June 2021. Company founder Mate Rimac stressed that Bugatti won't immediately drop piston-powered cars, and he also argued against lazily taking the electric Nevera and putting a Bugatti logo on it. Bugatti announced in January 2022 that the Chiron is sold out, though the W16-powered coupe remains in production, so the car depicted in the preview video likely isn't another variant of it (like, say, the Super Sport). All of our questions will be answered when the next addition to the Bugatti family makes its debut at 10:20 a.m. PDT this Friday, August 19, in Monterey, California. That's 1:20 p.m. in New York City and 7:20 p.m. in Bugatti's hometown of Molsheim, France. Bugatti Luxury Performance

Bugatti Veyron 16.4 Grand Sport Vitesse is the same Bug with new paint

We typically wince any time a manufacturer rolls out a special edition that's little more than a coat of paint, but we'll make an exception in this case. Bugatti parked the Veyron 16.4 Grand Sport Vitesse on the lawn of the Quail Motorsports Gathering, resplendent in its Bianco and Light Blue livery. The paint scheme is a tribute to the 1928 Type 37A. That open-wheel racer took the checkered flag at a number of grand prix events and now finds itself in the loving care of none other than Jay Leno himself.
As with the rest of the Veyron Grand Sport models, the Vitesse can bolt to 62 mph from a dead stop in a physics-obliterating 2.6 seconds. The feat is possible thanks to a range of impressive mechanical systems, though the 1,200 horsepower forced-induction W16 at the heart of it certainly doesn't hurt. Check out the Vitesse in the gallery below and have a peek at the full press release as well.

UPDATE: Porsche could raise its stake in Rimac, and Rimac weighs in

CLARIFICATION: An earlier version of this Reuters story said Porsche could raise its stake in Rimac to nearly 50%, but Rimac reached out to Autoblog to say that's not so. Here is a statement from Mate Rimac: "We have a very strong partnership with Porsche that is key for Rimac Automobili. Porsche is a shareholder in Rimac since 2018 with 15.5% ownership currently, accumulated over several rounds of investment. While it is true that we are discussing further expansion of this collaboration that will lead to increase of Porsche's stake in Rimac Automobili, some media have mistakenly reported that Porsche would take over 50% or nearly 50% of the company.   We are very happy that the partnership with Porsche will strengthen even further, but it is in the interest of both Rimac and Porsche that Rimac is a fully independent company. We are working with many car companies that are not our shareholders and there is a clear separation between shareholding and projects. It is very important to us that our industry customers have the peace of mind that Rimac is independent and that there is an "Information Firewall" between projects and shareholders (not only Porsche, but also Hyundai and others) - and this will not change. Confidentiality is very valued in the industry and one of the basics for collaboration between companies. Our shareholders are happy with such an arrangement and expect the same level of professional behaviour and confidentiality for their projects and customer projects.   So, the point is: Porsche's stake will increase but nowhere near to 50% and Rimac will remain independent with many industry customers that are not our shareholders/investors." The original story, with the 50% reference removed, appears below.   FRANKFURT — Volkswagen unit Porsche is participating in a financing round of Rimac Automobili that will see the electric supercar maker raise 130 million-150 million euros ($157 million-$181 million), its owner Mate Rimac told weekly Automobilwoche. The fundraising should be completed in two to three months and another round is planned at the end of the year, Rimac told the trade journal. Porsche owns a 15.5% stake in Rimac Automobili and could raise its stake in a deal that would also include the transfer of Volkswagen's supercar brand Bugatti to Rimac, Automobilwoche said. Volkswagen and Rimac were not immediately available for comment on Sunday.