Bugatti may have sent off its quad-turbocharged W16 engine, but it looks like they’re not exactly done with that unique engine configuration. Ending years of speculation, Bugatti has just announced a new 16-cylinder engine, but this time, with a V configuration.

After months of speculation, it’s confirmed: Volkswagen has just unloaded Bugatti. The company and its shares will now be transferred to a new joint-venture co-owned by Porsche and Rimac Automobili. Known as Bugatti Rimac, the new joint-venture will be owned 55 percent by Rimac and 45 percent by Porsche.