The 2019 Geneva Motor Show on Tuesday, French luxury car maker Bugatti unveiled a car that sold for €11 million (N6.8 Billion), making it the most expensive new car ever.

The buyer of the new La Voiture Noire1 has not been revealed, but rumor has it—CNBC is citing “industry sources”— the buyer was Ferdinand Piech, the former chairman of German automaker Volkswagen, which now owns Bugatti.

In addition to its heritage, the car boasts a 16-cylinder engine and six tailpipes.

This week at the Geneva Motor Show, Bugatti is also unveiling a special edition of the Chiron: the Chiron Sport “110 ans Bugatti.” Twenty have been manufactured, and they’ve all sold for a net price of €3 million ($3.4 million).

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