Barabus TKR takes over as world's fastest car?

The Bugatti Veyron may no longer be the world's fastest car. Today — following a number of teasers and leaks — Barabus officially unveiled the TKR: a new 1005 horsepower supercar the automaker says is capable of doing zero to 60 mph in 1.67 seconds. What's more, the car reportedly has a top speed of 270 mph — nearly 20 more than the Veyron. Power comes from a 6.0 liter V8 twin-turbocharged with dual intercoolers. The car has a full carbon fibre body and chassis. Further details remain sparse, but the automaker says it will sell the car for £360,000, which should translate to around $500,000, using typical automotive market conversion rates.

It's worth noting that Barabus sometimes refers to the car as being able to hit 60 mph in "under 2 seconds," rather than the stated 1.67. Even so, there is still some doubt among enthusiasts if such a figure is even possible. Nonetheless, the car is on display at the 2006 British International Motor Show, and we expect to get more details in the near future. The TKR is said to have been in development for the last 10 years. The car is to be made in Italy and the power plant is built in the United Kingdom. Worldwide volume is projected to be 300-400 cars over the estimated three-year production run.