Bugatti 16C Galibier will be launched in 2013

VW has approved the production of the Bugatti 16C Galibier sedan according to a Bloomberg report. It was showcased as a concept at the 2010 Geneva Motor Show. The car itself, has 1,000 hp under its hood and could cost around €1 million ($1.4 million), according to the inside sources.

The 16C Galibier would join the Veyron sports car in Bugatti's lineup. But Galibier production may not start for two to three years while Bugatti retools its boutique manufacturing plant in Molsheim, France.

The 16C will feature the same all-wheel drive set-up and the same seven-speed dual-clutch gearbox as the smaller record-breaking hypercar. Even though the Veyron was built purely as an ultra luxurious speed machine, the larger, more luxurious 16C is set to follow in the same footsteps. It might even break a few records for the fastest production four-door sedan when it hits the road.