Bugatti has confirmed that it is working on a new model called the Divo, which the French automaker promises will be “light and nimble” and “boast enormous downforce and g-forces”.

The firm – which finished the production and delivery of its 100th of 500 Chiron units in May 2018 – said that the new model would be limited to just 40 units, with each priced from €5-million (that’s close to R80-million at the current exchange rate).

Named after Albert Divo, the French racing driver who won the famous Targa Florio race on a mountainous circuit in Sicily for Bugatti twice in the late 1920s, the Volkswagen Group brand said the new model would feature “outstanding handling properties” as well as a “new, strong design language”.

“Happiness is not around the corner. It is the corner. The Divo is made for corners,” said Stephan Winkelmann, president of Bugatti.

“With the Divo, we want to thrill people throughout the world. With this project, the Bugatti team has an opportunity to interpret the brand DNA in terms of agile, nimble handling in a significantly more performance-oriented way.”

The new model is scheduled to be unveiled in late August 2018 at the “The Quail – A Motorsports Gathering“ in California.