Porsche is currently working on the highly anticipated replacement for the Carrera GT. The Carrera GT production was halted back in early May after 1,250 were produced. The replacement which at the moment is known as the GT1 is expected to be able to out perform the Bugatti Veyron. The GT1 is expected to be available in 2009 and pack a Twin-Turbo V10 able to produce 950 HP with a top speed of 254 mph.
From Jalopnik.