Latest Car News in India

Tuesday, July 05, 2011

By Pranjal Gera

Bugatti Veyron Holds back production

World’s fastest Sports cars, Bugatti Veyron is no more accessible as the company decided to stop the production of the luxury automobile. The company stated in the year 2003 at the launch of Bugatti Veyron EB 16.4 that it will provide restricted units of the car. After a span of 8 years, the company has reached the targeted sales of 300 units.

Initially, The Company could only sell 5 units of the car in two years of its launch, which even raised doubts among the auto experts in the industry that the automobile may fail to reach the anticipated sale of 300 units.

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But in the year 2007, the sales figure of Bugatti Veyron EB 16.4 reached to 81 units and the target seemed possible when the car sales figure touched 291 units by the year 2010.

In the first half of the present year, the company sold 9 units of the car and it has yet to deliver the 300th unit of Bugatti Veyron EB 16.4 to an unidentified buyer in the European Auto market.

The company will continue manufacturing the Veyron Grand Sport Model and is only halting the production of Bugatti Veyron EB 16.4.

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