Originally scheduled to launch this year, we've now learned that the Bugatti Veyron successor, rumored to be called the Chiron, has been pushed back to 2016. It'll be well worth the wait. Development hasn't exactly been the smoothest, according to a new report from Automobile Magazine, but that's because VW executives weren't satisfied with some earlier prototypes. Like the Veyron, the Chiron will stick with all-wheel-drive, but will weigh less and, of course, be even faster. How fast?

According to this latest report, we're looking at a 0 to 60 time of just over two seconds and a top speed – get this – above 280 mph. Hot damn. The Veyron's quad-turbo, 8.0-liter W-12 will be utilized once again, but this time will be boosted with at least four electrically powered turbochargers. Figure the Chiron's base price to be around $2.4 million.