Bugatti Veyron with 1200 hp

Bugatti seems considering to build a sport version of the Bugatti Veyron with 1200 bhp: "The top model of Bugatti, which has 1000 HP, is to come shortly in a sport version with 1200 HP on the market."

Also according to Ksta, a german magazine, Mercedes is working on a E-Class model with 700 hp and Volkswagen will offer six models with a top speed bigger than 186 mph.
[Source: topspeed]

Additional stuff:

Amaizing video, on the last broadcast of Top Gear, they take the Veyron to 407 km/h on VW’s racetrack in germany.