The Bugatti Veyron is the current benchmark of exotic raw supercar performance, surpassing the 1000hp mark and has been the talk of town long before it was actually launched. That might end soon. Porsche is planning a Bugatti Veyron killer called the Porsche GT1. The announcement of the new GT1 comes shortly after Porsche announced the end of production for the Porsche Carrera GT. The Carrera GT (shown above) was only in production for 3 years and there are only 1,111 in the world, with more than half of it in North America.

The new Porsche GT1 will offer roughly 950 horsepower and will likely be based on the same chassis as the Porsche Carrera GT, except that it will have a solid roof coupe body instead of being a roadster. Despite having “only” 950 horses, the GT1 is expected to be lighter than the Veyron for better power to weight ratio. The Porsche Carrera GT weighs only 1380kg while the Veyron weighs 1887kg. The GT1 is expected to be around the same weight as the Carrera GT. Of course, it will likely have all wheel drive to put all those horses down to the ground so they can be usable for some good acceleration times. Top speed is expected to be 254mph (408 km/h), 2mph over the Veyron’s top speed of 252mph.

And of course, it’s not that hard to beat the Veyron’s looks. ;)