As you all know, Bugatti is currently the manufacturer of the worlds fastest street-legal production car, the “Veyron”. However, according to some news I found on Wikipedia and The German Car Blog, Porsche doesn’t seem to be slacking one bit. Check out the Porsche GT1 slated for production the end of this year. It’s got a whopping 950 hp. They are shooting for 254 mph – which would be 2 mp faster than the Veyron.